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GTT Communications

 

Buy GTT Communications stocks

GTT COMMUNICATIONS (GTT) Stocks

ABOUT GTT COMMUNICATIONS

? GTT Communications, Inc. is an internet service provider and telecommunications company.

It is recognized as one of the largest global Tier 1 IP network companies in the world.

The company’s portfolio consists of a variety of services, including video and voice services, managed network and security services, transport and infrastructure, Internet, as well as wide area networking to companies, governments and carriers in more than 100 countries.

GTT Communications, Inc. has more than 3 200 employees and is headquartered in McLean, Virginia.

HISTORY OF GTT COMMUNICATIONS

  • In 1998 European Telecom and Technology is founded in London and Global Internetworking Inc. is founded as a network solutions and telecom services provider in McLean, Virginia.

  • Mercator Partners buys Global Internetworking Inc. in 2005 and in 2006 European Telecommunications & Technology is purchased.

  • Mercator Partners merges the two companies and names its Global Telecom & Technology, Inc. (GTT). Global Telecom & Technology buys WBS Connect in 2009 and adds Ethernet services and IP transit services to its portfolio.

  • In 2011 the company buys an operator company from the United Kingdom, PacketExchange, for a price of US Dollar 20 million in cash.

  • In 2012 nLayer Communications is purchased for a price of US Dollar 18 million.

  • In 2013 Global Telecom & Technology starts trading on the New York Stock Exchange.

  • The company changes its name to GTT Communications, Inc. in 2014. The same year it opens its Hong Kong office in Central District.

  • The company now has 9 offices in 6 countries.

  • It buys a data communications company, UNSi. GTT acquires numerous businesses during the next few years to expand the company into the successful business that it is today.

VISION & VALUES OF GTT COMMUNICATIONS

  • GTT Communications, Inc. values its customers, shareholders and employees.

  • The company is highly committed to delivering exceptional customer experiences through speed, agility and simplicity.

  • GTT has won numerous awards and recognitions through the years.

  • In 2019 alone it receives the Visionary Spotlight Award, an M&A Atlas Award and a Best International Wholesale Operator Award. It is also recognized for its Service Provider Enablement for Broadband and Capacity as well as Communications & Telecom deal of the year.

  • In 2018 it is recognized for Best Service Provider Innovation and receives a Channelnomics Innovation Award.

  • It is named EMEA’s Cloud Services Deal of the Year and receives a TMT M&A Award as well as a Gold Award at the Stevie’s America Business Awards Test.

MARKET PERFORMANCE OF GTT COMMUNICATIONS

  • GTT Communications, Inc. trades on the New York Stock Exchange under the NYSE stock symbol “GTT”.

  • Data analysis for the company’s quarterly period ending June 30, 2019 reports a revenue from Telecommunications services of US Dollar 433.8 million.

  • Total assets are US Dollar 4,894.7 million. Cash and cash equivalents are US Dollar 33.7 million. Total operating expenses are US Dollar 402.7 million and operating income is US Dollar 31.1 million.

  • Cash, cash equivalents and restricted cash at the end of the period for the past six months are US Dollar 33.7 million.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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