press releases

GTT to Acquire Global Capacity

Extends cloud networking leadership; adds scale, network reach and marquee clients

McLean, VA, June 26, 2017 — GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today a definitive agreement to acquire Global Capacity, a provider of network connectivity solutions that simplifies the process of connecting enterprises to high-value cloud and business destinations. This strategic combination: • Grows GTT’s client base, with the addition of marquee clients in the healthcare, application service provider, retail and carrier markets, adding highly complementary recurring revenue streams • Augments GTT’s Managed SD-WAN service with diverse access options, including an ex

GTT Acquires Perseus

Expands Tier 1 IP network in Latin America, Asia-Pacific, India and Africa

Expands client base in financial markets

Adds strategic low-latency routes

McLean, VA, June 20, 2017GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today the acquisition of Perseus, a provider of high-speed network connectivity serving many of the world’s top financial and eCommerce companies. This strategic combination:
  • Extends the reach of GTT’s global Tier 1 IP backbone with new points of prese

GTT Establishes Three Divisions to Enhance Client Experience and Accelerate Growth

McLean, VA, June 14, 2017GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today three new divisions, Enterprise, Carrier and EMEA, to accelerate sales growth and strengthen the client experience. Each division is responsible for the primary client experience functions: sales, quoting, ordering, service delivery and collections. GTT has appointed three division presidents. Eric Warren leads the Enterprise division, including all enterprise clients in the Americas and U.S. government clients. Mr. Warren recently joined GTT, previously holding senior executive roles at Windstream and TW Telecom. Jeff Beer leads the Carrier division, including all carrier accounts in

GTT Founder H. Brian Thompson Recognized with IEEE CQR 2017 Chairman’s Award

McLean, VA, May 31, 2017 – GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today that the Institute of Electrical and Electronics Engineers (IEEE) has presented Mr. H. Brian Thompson, GTT’s founder and executive chairman of the board, with its annual CQR Chairman’s Award. IEEE is the world’s largest technical professional organization dedicated to advancing technology for the benefit of humanity. The IEEE Communications Society Technical Committee on Communications Quality & Reliability (CQR) selects Chairman’s Award recipients based on sustained contributions in the field of Quality, Reliability & Security of communications services, networks or systems. The candi

GTT to Present at Spring 2017 Investor Conferences

McLean, VA, May 26, 2017GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, will present at the following conferences in the next few weeks:

  • On May 31, Mike Sicoli, chief financial officer, will meet with investors at the Craig-Hallum Capital Group 14th Annual Institutional Investor Conference, taking place in Minneapolis.
  • On June 1, Rick Calder, chief executive officer, will present at the Cowen and Company 45th Annual Technology, Media & Telecom Conference, taking place in New York, at 10:15 a.m. ET, and meet with investors that day.
  • On June 15, Mr. Calder will present at William Blair’s 37th Annual Gr

GTT Named Company of the Year in 2017 Leading Lights Awards

McLean, VA, May 18, 2017 GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today that it has been recognized as Company of the Year (Public) in Light Reading’s 2017 Leading Lights Awards. Now in its thirteenth year, the Leading Lights Awards honor the top companies in the communications industry, across 23 different award categories. The Company of the Year (Public) award recognizes a publicly listed company that stands out from competitors and demonstrates a commitment to growth and innovation. The award win is a testament to GTT’s success in the market, as illustrated by its revenue growth of 41.3% from 2015 to 2016, as well as its recent acquisition of Hibe

GTT Introduces DDoS Mitigation Service

McLean, VA, May 15, 2017GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today the launch of its Distributed Denial of Service (DDoS) Mitigation service, a new capability within the company’s Managed Security suite. The proactively managed service protects organizations from malicious Internet traffic, ensuring the continuity and security of their business operations. GTT’s DDoS Mitigation augments the company’s IP Transit and Dedicated Internet Access services, providing automated, real-time detection and mitigation of attack traffic and returning clean traffic to the impacted organization. GTT utilizes Corero’s

GTT Communications Named Three-Time Gold Stevie® Award Winner in 2017 American Business Awards

McLean, VA, May 10, 2017 GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today that it has been recognized with three Gold Stevie Awards in the 15th Annual American Business Awards. More than 3,600 nominations from organizations of diverse sizes and industries were submitted this year for consideration in a wide range of categories, including company, management, new products and IT services. GTT was nominated for Telecommunications Company of the Year; Fastest-Growing Company of the Year – Up to 2,500 Employees; and Executive of the Year, Telecommunications. The company’s gold wins across these categories reflect GTT’s success

GTT to Present at Jefferies 2017 Global Technology Conference

McLean, VA, May 8, 2017GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, will present at the Jefferies 2017 Global Technology Conference taking place in Miami, Florida, on May 9, 2017. Mike Sicoli, chief financial officer, will meet with investors that day. A copy of the company’s latest investor presentation is available on the company’s website.   About GTT GTT provides multinationals with a better way to reach the cloud through its suite of cloud networking services, including wide area networking, internet, managed services and voice services. The company’s Tier 1 IP network, ranked in the top five worldwide, connects clients to any

GTT Reports First Quarter 2017 Financial Results

 

Demonstrates Consistent Growth and Margin Expansion

Q1 Revenue Grew 46.6% Year-Over-Year to $182.4 Million; Up 33.6% Sequentially

Q1 Adjusted EBITDA Grew 75.8% Year-Over-Year to $50.7 Million; Up 50.2% Sequentially

  McLean, VA, May 4, 2017 —  GTT Communications, Inc. (NYSE: GTT), the leading global cloud networking provider to multinational clients, announced today its financial results for the quarter ended March 31, 2017. First quarter highlights:
  • Revenue of $182.4 million grew 46.6% over 1Q16, and grew 33.6% over 4Q16.
  • Net loss was $13.1 million, compared to net income of $

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