Rick Calder
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GTT, which almost collapsed in 2021 thanks to a mountain of debt, has completed its financial restructuring process and emerged from its chapter 11 cases – plural. -
The New York Stock Exchange is delisting GTT Communications’ shares as, at the same time, doubts are cast on the company’s plan to sell its infrastructure division for more than US$2 billion.
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In its first public statement for months, GTT has confirmed the names of the bidders for its infrastructure division – and adds that the sum involved is US$2.15 billion.
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The future of GTT Communications was thrown into uncertainty yesterday as the share price plunged, just days before the company is due to sell its infrastructure operations.
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GTT Communications is weeks away from selling its infrastructure division, including the units that were formerly known as Interoute and Hibernia Networks.
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GTT Communications confirms that its president and CEO, Rick Calder is to step down from his role as of 1 June 2020.
Forthcoming events
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GTT Communications has expanded its managed SD-WAN service offering in the Americas using Silver Peak’s Unity EdgeConnect SD-WAN edge platform.
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GTT will become a capex-light, asset-light managed services company once the infrastructure division is sold, according to CEO Rick Calder.
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GTT Communications is about to start finding buyers for the former Interoute and Hibernia Express infrastructure it has acquired over the past few years, Capacity understands from well-placed sources.
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GTT Communications has expanded its SD-WAN service offering with the addition of Fortinet Secure SD-WAN as an option.
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GTT Communications (GTT) has completed its €50 million acquisition of KPN International, a division of KPN NV, a provider of global IP network services for both carrier and enterprise clients.
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GTT Communications has instructed Credit Suisse and Goldman Sachs as its financial advisors for the potential sale of its infrastructure division.
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GTT Communications has announced the upgrade of its fibre network across several of its European.
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GTT Communications has expanded its SD-WAN service by adding the capability to run multiple network applications on a single universal customer premises equipment (uCPE) device.
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GTT Communications has announced today a definitive purchase agreement to acquire KPN International, a division of KPN N.V., for approximately €50 million.
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Acquisitive GTT Communications has added another company to its growing list of purchases, buying US communications services provider Access Point for $40 million.
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GTT Communications has restructured its various divisions and named new heads of Europe and the UK, following its $2.3 billion acquisition of Interoute.
