GTT Communications

GTT Communications, Inc.
Public
Traded as NYSE: GTT
Industry Telecommunications
Founded 1998
Headquarters McLean, Virginia, United States
Area served
 Worldwide
Key people
 Richard D. Calder, (CEO)
Products Internet services, Telecommunications, Managed Services, Unified Communications, Voice
Number of employees
 800
Website gtt.net
Primary ASN 3257
Peering policy Restrictive
Traffic Levels 10 Tbit/s+

GTT Communications, Inc. (GTT), formerly Global Telecom and Technology, is a multinational telecommunications and internet provider company with headquarters in McLean, Virginia. GTT operates a Tier 1 network, and provides IP transit, MPLS transport services, managed services, voice and unified communications 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 Inc. and European Telecommunications & Technology in 2006, merging the two companies' operations and renaming itself Global Telecom & Technology, Inc. (GTT).[3][4]

2006-Present

In December 2009, GTT acquired Denver-based WBS Connect 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]

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.[6]

In May 2012 GTT acquired nLayer Communications, a privately held global IP backbone, for $18 million. nLayer founder Richard Steenbergen joined GTT as CTO.[7]

In April 2013 GTT acquired the Tier 1 IP network Tinet from Inteliquent, for $54.5 million in cash and services.[8] 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 that the company was officially changing its name to GTT Communications, Inc.[9] In February 2014, GTT Communications, Inc. announced the opening of a new office in Hong Kong’s Central District, bringing its total global presence to 9 offices in 6 countries.[10] In October 2014, GTT Communications, Inc. announced it had closed the acquisition of UNSi, a communications company providing data services to large enterprise and carrier clients.[11]

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 multinational clients.[12] In July 2015, GTT Communications, Inc. (GTT) and Saudi Telecom Company (STC) jointly announced 100-Gigabit IP Transit connectivity services to the Middle East.[13] On October 22, 2015, GTT acquired One Source Networks (OSN), a provider of global data, Internet, Session Initiation Protocol (SIP) trunking and managed services to Fortune 1000 companies.[14]

On February 9, 2016, GTT acquired Telnes Broadband for $18 million.[15] On October 7, 2016, GTT announced the award of Government Services Administrations (GSA) IT Schedule 70 Contract. The IT Schedule 70 is the largest acquisition vehicle in the United States federal government.[16]

On January 9, 2017, GTT completed the acquisition of Hibernia Networks for $590 million. The company acquired five subsea cables, including Hibernia Express, the lowest latency transatlantic cable system, and eight cable landing standings. By May, the company had 23 offices located around the world and over 300 points of presence.[17] In May, GTT bought IP broker and aggregator Giglinx, for $21 million.[18] On June 19, GTT announced it was acquiring Perseus Telecom, a microwave service provider for financial services companies, for $37.5 million.[19] On June 26, GTT announced it was acquiring Massachusetts-based telecommunications provider Global Capacity, for $100 million and 1.85 million shares of GTT common stock. The deal, anticipated to close in the third quarter of 2017, was expected to help GTT expand its SD-WAN and data center services.[20]

Services

Internet services

As of 2014, GTT was one of the five largest Internet backbones in terms of traffic.[21] The company's high speed Internet services include IP Transit, Dedicated Internet Access and Broadband Internet services. With more than 165,000 routes, GTT directly connects to one-third of global Internet prefixes. GTT also operates a 100% native dual stack (IPv4 and IPv6) carrier class network built on optical infrastructure.[22]

EtherCloud services

GTT provides cloud connectivity services for private, public and hybrid wide area networks. The company reportedly has over 300 point-of-presence locations in over 80 countries.[17][23]

Managed services

GTT offers end-to-end network management, with managed services that include Managed Network Services, Multilayered Security Services, Managed Secure Access,[12] and Managed Software-Defined Wide Area Network (SD-WAN) services.[24]

Voice and unified communications

GTT's IP-based communication and collaboration services include SIP Trunking, Hosted Enterprise PBX, and Cloud-based call and contact center, and call routing capabilities. The network is interoperable with major platforms including Microsoft Lync, Avaya, Cisco, ShoreTel and Siemens.[14]

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. ↑ Hamilton, David (17 December 2009). "Global Telecom & Technology Completes Acquisition of WBS Connect". Web Host Industry Review. Retrieved 5 September 2015.
  6. ↑ Enterprise (2011-05-23). "GTT Acquires PacketExchange For $20 Million In Cash, Debt". TechCrunch. Retrieved 2013-11-05.
  7. ↑ "Network M&A: GTT Acquires nLayer". Telecom Ramblings. Retrieved 2013-11-05.
  8. ↑ "Network M&A: GTT Buys Inteliquent's Data Network". Telecom Ramblings. 2013-04-30. Retrieved 2013-11-05.
  9. ↑ "GTT Communications, Inc. Announces Name Change". Reuters. 2014-01-22. Retrieved 2015-12-15.
  10. ↑ "GTT Expands Global Presence with New Office in Hong Kong". The World News Network. 2014-02-26. Retrieved 2015-07-10.
  11. ↑ "GTT Acquires UNSi". Fierce Telecom. 2014-10-01. Retrieved 2015-07-10.
  12. 1 2 "GTT Acquires MegaPath’s Managed Services Business". Fierce Telecom. 2015-02-20. Retrieved 2015-02-19.
  13. ↑ "GTT selected by Saudi Telecom Company for its first 100-Gigabit IP Connectivity Service". Yahoo Finance. 2015-07-08. Retrieved 2015-07-10.
  14. 1 2 "GTT Buys One Source Networks, Achieves a Few Goals". Telecom Ramblings. 2015-09-15. Retrieved 2015-09-15.
  15. ↑ "GTT acquires Telnes Broadband for $18M, accelerates channel sales reach | FierceTelecom". www.fiercetelecom.com. Retrieved 2016-11-28.
  16. ↑ "United States : GTT Announces Award of Government Services Administrations IT Schedule 70 Contract". 2016-10-07.
  17. 1 2 "GTT completes $590m Hibernia Networks acquisition". www.capacitymedia.com. Retrieved 2017-01-18.
  18. ↑ "GTT’s Other Spring Acquisition: Giglinx". fiercetelecom.com. 2017-06-21. Retrieved 2017-06-27.
  19. ↑ "GTT acquires Perseus for $37.5M, ups financial market presence". fiercetelecom.com. 2017-06-19. Retrieved 2017-06-27.
  20. ↑ "GTT acquires Global Capacity, scales network reach to 9.6M locations". fiercetelecom.com. 2017-06-26. Retrieved 2017-06-23.
  21. ↑ "A Baker’s Dozen, 2014 Edition". dyn.com. 2015-02-04. Retrieved 2017-05-26.
  22. ↑ "Profile; GTT Communications Inc (GTT)". Reuters. Retrieved 2016-03-11.
  23. ↑ "GTT increases Asia-Pacific play by establishing network presence in Tokyo". fiercetelecom.com. 2013-09-25. Retrieved 2017-07-10.
  24. ↑ "GTT Deploys Managed SD-WAN Service". telcotransformation.com. 2017-04-19. Retrieved 2017-07-07.
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