GTT Communications, a top-ranked IP network operator, is to file for Chapter 11 bankruptcy and restructuring.
According to DCD News, the company underwent a Restructuring Support Agreement (RSA) "to implement a comprehensive restructuring of its balance sheet".
The Virginian-based telecommunications company operates a global Tier 1 IP network and Internet. Moreover, it manages and provides cloud networking to thousands of businesses including SD-WAN and other WAN services.
GTT sells data center unit for $2.15 Billion
The company sold its infrastructure division to I Squared Capital, a global investment infrastructure manager. GTT's infrastructure division includes the provision of data center infrastructure services to customers in Europe, North America, the sub-sea, and th...