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.[3] 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.

GTT Communications, Inc.
TypePublic
NYSE: GTT
Russell 2000 Component
IndustryTelecommunications
Founded1998
HeadquartersTysons, Virginia, United States
Area served
Worldwide
Key people
Steven Berns (CFO), Ernie Ortega (CRO), Don MacNeil (COO), Chris McKee (General Counsel), Bob Burris (SVP Operations & Engineering) [1]
ProductsInternet services, Telecommunications, Managed Services, Unified Communications, Voice
Revenue US$1.491 billion (2018)[2]
Number of employees
3,200 (December 2018)[2]
Websitegtt.net
Primary ASN3257
Peering policyRestrictive
Traffic Levels10 Tbit/s+

History

1998–2006

In 1998, telecom services integrator Global Internetworking Inc. was founded in McLean, Virginia.[4] That same year, European Telecom and Technology was founded in London.[4]

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).[5][6]

2006–present

In December 2009, GTT acquired Denver-based WBS Connect in a stock and cash transaction, shifting its business model to a network operator providing IP transit and Ethernet services.[7]

In June 2011 GTT acquired PacketExchange, a privately held UK company and operator of a global IP backbone, for $20 million in cash.[8]

In May 2012 GTT acquired nLayer Communications, a privately held global IP backbone, for $18 million.[9]

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.[10] In June 2013 GTT was listed on the New York Stock Exchange, under the symbol GTT.[11]

On January 14, 2014, GTT (Global Telecom & Technology) announced that the company was officially changing its name to GTT Communications, Inc.[12] 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.[13] In October 2014, GTT announced it had closed the acquisition of UNSi, a communications company providing data services to large enterprise and carrier clients.[14]

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.[15] In July 2015, GTT Communications, Inc. (GTT) and Saudi Telecom Company (STC) jointly announced 100-Gigabit IP Transit connectivity services to the Middle East.[16] 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.[17]

On February 9, 2016, GTT acquired Telnes Broadband for $18 million.[18] 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.[19]

On January 9, 2017, GTT completed the acquisition of Hibernia Networks for $590 million.[20] The company acquired five subsea cables, including Hibernia Express (now GTT Express), a low latency transatlantic cable system.[21] In May, GTT purchased IP broker and aggregator Giglinx, for $21 million.[22] On June 19, GTT announced it was acquiring Perseus Telecom, a provider of low latency services for the financial market industry, for $37.5 million.[23] 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.[24] The deal closed on September 18.[25][26]

In January 2018, GTT announced the acquisition of Custom Connect, an Amsterdam-headquartered provider of high speed network connectivity for multinational enterprises and financial services firms.[27] On February 26, GTT announced the acquisition of Interoute, operator of one of Europe's largest independent fiber networks and cloud networking platforms, for approximately €1.9 billion ($2.3 billion) in cash. The deal subsequently closed on May 31.[28] On March 12, GTT expanded its Canadian footprint by acquiring Toronto-based telecommunications company Accelerated Connections.[29] On October 1, GTT acquired Cary, NC-based Access Point, a provider of communications services in the US market.[30]

On December 2, 2019 GTT completed its acquisition of KPN International, a division of Netherlands-based telecommunications company KPN N.V., operating a global IP network serving enterprise and carrier clients.[31]

In October 2020, they agreed to sell the infrastructure division of GTT Communications previously acquired to Interoute and Hibernia Networks for $2.15 billion to infrastrucrure investment firm I_Squared_Capital [32]

Operations

The company operates a global network of over 650 points of presence (PoPs). The network spans six continents, and provides services to clients in more than 140 countries.[2] The company also operates three subsea cable systems, GTT Express, GTT North and GTT South. The latter two cables make up the GTT Atlantic cable system.[33] As of December 2018, the company had 3,200 employees.[2]

Services

Transport and infrastructure

The company's transport and infrastructure portfolio of services consists of wavelength, Ethernet and colocation services. Wavelength services are transported across GTT's subsea and terrestrial fiber network and DWDM platform to provide dedicated, high speed connectivity between data centers, carrier hotels, media hubs and customer sites.[20] The optical network has over 75 PoPs in North America and Europe.[34] The network includes three owned subsea cables and a large independent fiber backbone in Europe. GTT's Ethernet services consist of point-to-point, point-to-multipoint and Ethernet Direct service.[35][36] GTT's colocation service offers space and power in colocation facilities in Europe and North America.[37][38]

Internet

As of 2019, GTT was one of the five largest Internet backbones in terms of traffic.[39] The company's high speed Internet services include IP transit, dedicated internet access and broadband internet services. GTT also operates a 100% native dual stack (IPv4 and IPv6) carrier class network built on optical infrastructure.[40]

Wide area networking

GTT provides WAN services, including SD-WAN, VPLS and MPLS, which are transported across the company's tier 1 global network.[20][41]

Managed services

GTT offers end-to-end network management, with managed services that include managed network services and multilayered security services.[42]

Voice

GTT's voice services include SIP trunking, hosted enterprise PBX, cloud-based contact center, and call routing capabilities.[43][17]

Customers

GTT's notable projects include a 100G IP transit wholesale agreement with Saudi Telecom Company (STC), and an agreement to provide 100G wavelength services between the U.S. and Europe, for the Department of Defense's Transoceanic Optical Transport – Atlantic (ToT-A) program.[44][45]

References
  1. "GTT Announces Management Changes". finance.yahoo.com. 2020-05-26. Retrieved 2020-06-01.
  2. "March 2019 10-K filing". marketwatch.com. 2019-03-01. Retrieved 2019-05-10.
  3. "EDGAR Search Results". www.sec.gov. Retrieved 2020-04-03.
  4. "SECURITIES AND EXCHANGE COMMISSION FORM PREM14A" (PDF). secdatabase.com. 2006-08-23. Retrieved 2018-08-07.
  5. O'Hara, Terence (16 April 2005). "Mercator Partners IPO Raises $59.5 Million". The Washington Post. Retrieved 5 September 2015.
  6. "Investor Overview". Sec.gov. Retrieved 2013-11-05.
  7. Hamilton, David (17 December 2009). "Global Telecom & Technology Completes Acquisition of WBS Connect". Web Host Industry Review. Retrieved 5 September 2015.
  8. Enterprise (2011-05-23). "GTT Acquires PacketExchange For $20 Million In Cash, Debt". TechCrunch. Retrieved 2013-11-05.
  9. "Network M&A: GTT Acquires nLayer". Telecom Ramblings. Retrieved 2013-11-05.
  10. "Network M&A: GTT Buys Inteliquent's Data Network". Telecom Ramblings. 2013-04-30. Retrieved 2013-11-05.
  11. MarketScreener. "GTT - Global Telecom & Technology Inc. : GTT to List on the NYSE MKT". www.marketscreener.com. Retrieved 2020-08-24.
  12. "GTT Communications, Inc. Announces Name Change". Reuters. 2014-01-22. Retrieved 2015-12-15.
  13. "GTT Expands Global Presence with New Office in Hong Kong". The World News Network. 2014-02-26. Retrieved 2015-07-10.
  14. "GTT Acquires UNSi". Fierce Telecom. 2014-10-01. Retrieved 2015-07-10.
  15. "GTT Acquires MegaPath's Managed Services Business". Fierce Telecom. 2015-02-20. Retrieved 2015-02-19.
  16. "GTT selected by Saudi Telecom Company for its first 100-Gigabit IP Connectivity Service". Yahoo Finance. 2015-07-08. Retrieved 2015-07-10.
  17. "GTT Buys One Source Networks, Achieves a Few Goals". Telecom Ramblings. 2015-09-15. Retrieved 2015-09-15.
  18. "GTT acquires Telnes Broadband for $18M, accelerates channel sales reach | FierceTelecom". www.fiercetelecom.com. Retrieved 2016-11-28.
  19. "United States : GTT Announces Award of Government Services Administrations IT Schedule 70 Contract". 2016-10-07. Archived from the original on 2018-02-27. Retrieved 2016-11-28. Cite journal requires |journal= (help)
  20. "GTT completes $590m Hibernia Networks acquisition". www.capacitymedia.com. Retrieved 2017-01-18.
  21. "GTT launches optical transport services, leverages Hibernia assets". fiercetelecom.com. 2017-03-17. Retrieved 2018-08-07.
  22. "GTT's Other Spring Acquisition: Giglinx". fiercetelecom.com. 2017-06-21. Retrieved 2017-06-27.
  23. "GTT acquires Perseus for $37.5M, ups financial market presence". fiercetelecom.com. 2017-06-19. Retrieved 2017-06-27.
  24. "GTT Buying Global Capacity for $100 Million, Stock". channelpartnersonline.com. 2017-06-26. Retrieved 2017-08-07.
  25. "GTT completes acquisition of Global Capacity". seekingalpha.com. 2017-09-18. Retrieved 2017-09-18.
  26. "GTT acquires Global Capacity, scales network reach to 9.6M locations". fiercetelecom.com. 2017-06-26. Retrieved 2017-06-23.
  27. "GTT acquires Custom Connect to extend European, Middle East IP backbone". fiercetelecom.com. 2018-01-08. Retrieved 2018-08-07.
  28. "Q&A: GTT CMO Nomellini discusses Interoute deal, SD-WAN and automation". fiercetelecom.com. 2018-06-04. Retrieved 2018-08-07.
  29. "GTT acquires Accelerated Connections, enhances Canadian network, market foothold". fiercetelecom.com. 2018-03-12. Retrieved 2018-03-14.
  30. "GTT Communications Expands With $40M Access Point Acquisition". crn.com. 2018-10-01. Retrieved 2019-04-23.
  31. "GTT completes €50m KPN International acquisition". capacitymedia.com. 2019-12-02. Retrieved 2020-06-01.
  32. "GTT Communications stock spikes higher after $2.15 billion deal to sell its infrastructure division". marketwatch.com. 2020-10-16. Retrieved 2020-10-16.
  33. "GTT Atlantic". submarinenetworks.com. Retrieved 2018-08-13.
  34. "GTT launches optical transport services, leverages Hibernia assets". fiercetelecom.com. 2017-03-17. Retrieved 2017-06-23.
  35. "Full Description". reuters.com. Retrieved 2019-04-23.
  36. "GTT adds routes to Latin America, Asia, and Africa for financial market customers". lightwaveonline.com. 2017-10-24. Retrieved 2019-04-23.
  37. "GTT creates 'disruptive competitor' in Canada with Accelerated Connections acquisition". fibre-systems.com. 2018-03-19. Retrieved 2019-04-23.
  38. "GTT Paying $2.3 Billion for Interoute's Europe Fiber Network, Data Centers". datacenterknowledge.com. 2018-02-26. Retrieved 2019-04-23.
  39. "AS Rank - IPV4". as-rank.caida.org. Retrieved 2019-04-23.
  40. "Profile; GTT Communications Inc (GTT)". Reuters. Retrieved 2016-03-11.
  41. "GTT increases Asia-Pacific play by establishing network presence in Tokyo". fiercetelecom.com. 2013-09-25. Retrieved 2017-07-10.
  42. "GTT Deploys Managed SD-WAN Service". telcotransformation.com. 2017-04-19. Retrieved 2017-07-07.
  43. "GTT acquires One Source Networks for $175M to scale SIP trunking, managed service capabilities". fiercetelecom.com. 2015-09-15. Retrieved 2018-08-07.
  44. "STC strikes roaming and transit deals with Syniverse and GTT". fiercetelecom.com. 2015-07-09. Retrieved 2019-04-23.
  45. "DITCO Selects GTT for Transatlantic Wavelength Services". telecomreviewna.com. 2018-12-18. Retrieved 2019-04-23.
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