Access Point: GTT acquires North Carolina service provider Access Point

GTT Communications, Inc. (NYSE: GTT) has extended its recent string of acquisitions with the announcement that it has closed a cash-and-stock deal to buy Access Point, a communication services provider headquartered in Cary, NC. GTT paid an aggregate $40 million for its new assets, with $35 million of the total in cash and the remainder coming via 115,194 shares of stock valued at $5 million.