Why GTT Communications Stock Popped Today
Shares of GTT Communications (NYSE: GTT) are up 18.1% as of 1:45 p.m. EST Wednesday, after the telecommunications company enlisted the help of two financial advisory firms to explore the sale of its infrastructure division.
In a press release late yesterday, GTT said it has hired Credit Suisse and Goldman Sachs as financial advisors for the potential sale, which would include its pan-European fiber network, as well as the subsea transatlantic fiber and data center infrastructure it obtained through its acquisitions of Interoute in 2018 and Hibernia in 2017.
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Source Fool.com