GTT acquires Access Point

GTT Communications, Inc. (NYSE: GTT), the cloud networking provider to multinational clients, has announced the acquisition of Access Point, a provider of communication services headquartered in Cary, North Carolina, the company said.

GTT paid USD 40 million to acquire Access Point, composed of USD 35 million in cash and 115,194 shares valued at USD 5 million.

Citizens Capital Markets served as adviser to Access Point on this transaction.

GTT is redefining global communications to serve a cloud-based future, connecting people across organizations, around the world and to every application in the cloud. For more information on GTT, visit www.gtt.net.