share_log

GTT Communications Shares Up After Report of Possible European Fiber Sale

Dow Jones Newswires ·  Sep 9, 2020 00:54

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)

Copyright (c) 2020 Dow Jones & Company, Inc.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment