10. GTT Acquires Global Capacity
Telecom service provider GTT Communications announced in June plans to buy network connectivity provider Global Capacity for $100 million in cash and 1.85 million shares of GTT common stock. According to GTT, the deal will help the McLean, Va.-based provider grow its customer base and expand its footprint to 9.6 million business addresses and 41 data center locations.
The deal brings back together assets from telecom service provider MegaPath. GTT bought MegaPath's managed services business, and Global Capacity bought MegaPath's wholesale network in 2015. The deal is expected to close by the end of Q3 2017, according to GTT.