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Is Interoute Up for Sale?

for sale sign

The rumour mill is working overtime this week with yet another possible acquisition hitting the news wires. This time it would seem Interoute, the pan-European fiber carrier and cloud-services operator controlled by the Sandoz Family Foundation, is up for sale according to a report which first broke on Bloomberg

Apprently Interoute has hired Credit Suisse and Evercore to evaluate a sale, dubbed “Project Nitro,” said sources which have asked not to be identified.

In 2016 the company reported revenues of €727 million with Ebitda of €147 million. Based on a range seven to 10 times Ebitda the company could be worth €1.65 billion euros.

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David Dungay

Editor - Comms Business Magazine