DJ GTT Communications Shares Up After Report of Possible European Fiber Sale
By Stephen Nakrosis
Shares of GTT Communications Inc. are trading higher on The New York Stock Exchange Tuesday, following a media report the company is in talks to sell European fiber assets.
At 12:42 p.m. EDT, shares of the cloud networking services company had gained 18.05% to trade at $6.28. Volume at the time topped 1.3 million shares, above the 65-day average volume of 425,617.
Year to date, GTT shares are down over 44%.
Earlier Tuesday, Bloomberg, citing "people with knowledge of the matter," said the talks were being held between GTT and "affiliates of Macquarie Group Ltd., 3i Group Plc and AustralianSuper."
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
September 08, 2020 12:54 ET (16:54 GMT)
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