Storm Clouds Gather as Top Operator GTT Files for Bankruptcy

Photo by Sigmund on Unsplash

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...

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