Once again, the stock market is punishing a company for its ambitions. In May, it finalized a large debt-financed acquisition, of a fiber and cloud player in Europe known as Interoute, for $2.3 billion. “Building out infrastructure is a fool’s errand,” says Richard Calder, GTT’s chief executive since 2007. “I want to get to $4 billion in revenue,” Calder says. Now, if the stock market can extricate itself from Aramaic-era thinking and see GTT’s worth, investors will be well served.

Source: Forbes September 16, 2018 12:45 UTC