Global Telecom & Technology

GTT Communications, Inc.
Public
Traded as NYSE: GTT
Industry Telecommunications
Founded 1998
Headquarters McLean, Virginia, USA
Area served
 Worldwide
Key people
 Richard D. Calder, CEO
Products Internet services, Telecommunications, Managed Services, Unified Communications
Number of employees
 550
Website gtt.net
Primary ASN 3257
Peering policy Restrictive
Traffic Levels 10 Tbit/s+

GTT Communications, Inc. (GTT) is a multinational telecommunications and internet provider company with headquarters in McLean, Virginia. GTT operates a Tier 1 network, and provides IP transit and MPLS transport services to enterprise, government, and carrier customers in over 100 countries.

History

1998-2006

In 1998, telecom services integrator and network solutions provider Global Internetworking Inc. was founded in McLean, Virginia.[1] That same year, European Telecom and Technology was founded in London.[1]

In April 2005, Mercator Partners Acquisition Corp., a special purpose acquisition company created by Reston-based investment bank Mercator Capital, raised $59.5 million in an initial public stock offering, intending to use the money to buy a telecommunications company.[2]

Mercator Partners bought both Global Internetworking and European Telecommunications & Technology in 2006, merging the two companies' operations and renaming itself Global Telecom & Technology, Inc. (GTT)[3][4]

2006-Present

GTT acquired Denver-based WBS Connect in December 2009 in a stock and cash transaction, shifting its business model from being an exclusively virtual network operator and telecom solutions integrator to a network operator providing IP transit and Ethernet services.[5][6]

In June 2011 GTT acquired PacketExchange, a privately held UK company and operator of a global backbone providing IP transit and MPLS transport services, for $20 million in cash.[7]

In May 2012 GTT acquired nLayer Communications, a privately held global IP backbone, for $18 million. nLayer founder Richard Steenbergen joined GTT as CTO.[8]

In April 2013 GTT acquired the Tier 1 IP network Tinet from Inteliquent, for $54.5 million in cash and services.[9]

In June 2013 GTT was listed on the New York Stock Exchange, under the symbol GTT.

On January 14, 2014, GTT (Global Telecom & Technology) announced the company name change to GTT Communications, Inc.[10]

In February 2014, GTT announced the opening of a new office in Hong Kong’s Central District, bringing its total global presence to 9 offices in 6 countries.[11]

In October 2014, GTT Communications, Inc. announced it has closed the acquisition of UNSi, a communications company providing data services to large enterprise and carrier clients.[12]

On February 19, 2015, GTT entered into a definitive agreement to acquire MegaPath’s Managed Services business which provides private wide-area-networking, Internet access services, managed services and managed security to over 500 large multinational clients.[13]

In July 2015, GTT Communications, Inc. (GTT) and Saudi Telecom Company (STC) jointly announced 100-Gigabit IP Transit connectivity services to the Middle East.[14]

On September 15, 2015, GTT entered into a definitive agreement to acquire One Source Networks (OSN), a provider of global data, Internet, Session Initiation Protocol (SIP) trunking and managed services to Fortune 1000 companies.[15]

References

  1. 1 2 "GTT Company History". GTT Communications, Inc. Retrieved 2013-11-05.
  2. ↑ O'Hara, Terence (16 April 2005). "Mercator Partners IPO Raises $59.5 Million". The Washington Post. Retrieved 5 September 2015.
  3. ↑ "exv99w1". Sec.gov. Retrieved 2013-11-05.
  4. ↑ "Mercator Partners Acquisition Corp. Completes Acquisitions Creating Global VNO Leader" (Press release). Reston. 16 October 2006. Retrieved 5 September 2015.
  5. ↑ "WBS Connect is now Global Telecom & Technology (GTT) | Telecom News Now - The JS&A Blog". Jaymiescotto.com. 2009-12-16. Retrieved 2013-11-05.
  6. ↑ Hamilton, David (17 December 2009). "Global Telecom & Technology Completes Acquisition of WBS Connect". Web Host Industry Review. Retrieved 5 September 2015.
  7. ↑ Enterprise (2011-05-23). "GTT Acquires PacketExchange For $20 Million In Cash, Debt". TechCrunch. Retrieved 2013-11-05.
  8. ↑ "Network M&A: GTT Acquires nLayer". Telecom Ramblings. Retrieved 2013-11-05.
  9. ↑ "Network M&A: GTT Buys Inteliquent's Data Network". Telecom Ramblings. 2013-04-30. Retrieved 2013-11-05.
  10. ↑ "GTT Communications, Inc. Announces Name Change". Reuters. 2014-01-22. Retrieved 2015-12-15.
  11. ↑ "GTT Expands Global Presence with New Office in Hong Kong". The World News Network. 2014-02-26. Retrieved 2015-07-10.
  12. ↑ / "GTT Acquires UNSi" Check |url= value (help). Fierce Telecom. 2014-10-01. Retrieved 2015-07-10.
  13. ↑ "GTT Acquires MegaPath’s Managed Services Business". Fierce Telecom. 2015-02-20. Retrieved 2015-02-19.
  14. ↑ "GTT selected by Saudi Telecom Company for its first 100-Gigabit IP Connectivity Service". Yahoo Finance. 2015-07-08. Retrieved 2015-07-10.
  15. ↑ "GTT Buys One Source Networks, Achieves a Few Goals". Telecom Ramblings. 2015-09-15. Retrieved 2015-09-15.

External links

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