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GTT Reaches $2.15 Billion Definitive Agreement to Sell Infrastructure Division to I Squared Capital
October 16, 2020
GTT has signed a definitive purchase agreement to sell its infrastructure division to I Squared Capital, an independent global infrastructure investment firm, for $2.15 billion.
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GTT Hires Tom Homer to Lead its EMEA Sales Organization
September 28, 2020
Tom Homer has joined the GTT leadership team as senior vice president Europe to lead GTT’s sales and client services operation in EMEA. Mr. Homer brings to GTT over 25 years’ experience as a telecoms industry executive...
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GTT Appoints Ernie Ortega Interim Chief Executive Officer, Expands Executive Leadership Team
July 6, 2020
Chief Revenue Officer, Ernie Ortega, has been appointed interim CEO while the Board continues its search for a new CEO. Additionally, Don MacNeil joins the leadership team as COO, overseeing its network operations, service delivery, assurance and vendor management teams, as well as GTT’s product organization...
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GTT Announces Management Changes
May 26, 2020
GTT announced today that Richard D. Calder, Jr., GTT president and CEO, will depart the company effective on June 1, 2020...
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GTT Reports First Quarter 2020 Financial Results
May 8, 2020
GTT announced its financial results for the quarter ended March 31, 2020. First quarter highlights include a 0.2% revenue increase compared to the 4th quarter 2019. A live conference call will be held on Friday, May 8, at 8:30 a.m...
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GTT Announces Earnings Call for First Quarter 2020
April 24, 2020
GTT announced its plans to release results for the first quarter, ended March 31, 2020, on Friday, May 8, 2020. In conjunction with the release, GTT has scheduled a conference call, which will also be broadcast live over the internet that day at 8:30 a.m. Eastern time...
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GTT Reports Fourth Quarter and Full Year 2019 Financial Results
March 2, 2020
GTT announced today its financial results for the year and quarter ended December 31, 2019. Full year highlights include:
Revenue of $1,727.8 million grew 15.9% over 2018; net loss was $105.9 million, compared to net loss of $243.4 million in 2018; adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“Adjusted EBITDA”) of $439.3 million grew 21.0% over 2018...
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