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Is Interoute Up for Sale?

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