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Gtt communications

The meaning of «gtt communications»

GTT Communications, Inc. (GTT), formerly Global Telecom and Technology, is a multinational telecommunications and internet service provider company with headquarters in Tysons, Virginia, and incorporated in Delaware.[2] GTT operates a Tier 1 IP network, and provides transport and infrastructure; Internet; wide area networking, SD-WAN; managed services; and voice and video services.

In 1998, telecom services integrator and network solutions provider Global Internetworking Inc. was founded in McLean, Virginia.[3] That same year, European Telecom and Technology was founded in London.[3]

In April 2005, Mercator Partners, a special purpose acquisition company bought both Global Internetworking Inc. and European Telecommunications & Technology in 2006, merging the two companies' operations and renaming it Global Telecom & Technology, Inc. (GTT).[4][5]

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.[6]

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

In May 2012 GTT acquired nLayer Communications, a privately held global IP backbone, for $18 million.[8]

In April 2013 GTT acquired the Tier 1 IP network Tinet (formerly Tiscali International Network) from Inteliquent for $54.5 million in cash and services, resulting in Tier 1 status for GTT's global IP network.[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 that the company was officially changing its name 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 announced it had 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 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 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.[15]

On February 9, 2016, GTT acquired Telnes Broadband for $18 million.[16] 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.[17]

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