GTT to List on the New York Stock Exchange
25 Noviembre 2014 - 7:00AM
Business Wire
GTT Communications, Inc. (NYSE MKT: GTT), the leading global
cloud networking provider to multinational enterprises, announced
today it will transfer the listing of its common stock to the New
York Stock Exchange (“NYSE”) from the NYSE MKT. GTT expects its
shares to begin trading on the NYSE on November 28, 2014 under its
current ticker symbol (“GTT”). The Company will continue to trade
on the NYSE MKT until the transfer is complete.
“We are excited to announce the transfer of our listing to the
NYSE, home to many of our multinational clients,” stated Rick
Calder, GTT’s President and CEO. “We are executing against our
growth strategy toward achieving our next financial objective of
$400 million in revenue and $100 million in Adjusted EBITDA. We
remain committed to increasing long-term value for our shareholders
and believe that the NYSE is the right partner in those
efforts.”
“We are delighted to continue our relationship with GTT and
their shareholders as the company transitions to our NYSE
platform,” said Scott Cutler, Executive Vice President, Global
Listings at NYSE. “As one of the fastest growing communications
companies in the world, GTT is a great example of a growth-oriented
company that can leverage NYSE’s advanced and innovative market
model.”
About GTT
GTT operates a global Tier 1 IP network connecting to any
location in the world and with any application in the cloud. Our
cloud networking services provide a better way for multinational
clients to embrace the cloud. Our clients trust us to deliver
solutions with simplicity, speed and agility so they can compete
effectively in the global economy. For more information, visit
www.gtt.net.
Forward-Looking Statements
This release includes certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, which reflect the current views of GTT Communications,
Inc., with respect to current events and financial performance.
From time to time, GTT Communications, Inc., which we refer to as
“we”, “us” or “our” and in some cases, “GTT” or the “Company”, also
provides forward-looking statements in other materials GTT releases
to the public or files with the United States Securities &
Exchange Commission (“SEC”), as well as oral forward-looking
statements. You should consult any further disclosures on related
subjects in our quarterly reports on Form 10-Q and current reports
on Form 8-K filed with the SEC. Such forward-looking statements are
and will be subject to many risks, uncertainties and factors
relating to our operations and the business environment that may
cause our actual results to be materially different from any future
results, express or implied, by such forward-looking statements.
Factors that could cause GTT’s actual results to differ materially
from these forward-looking statements include, but are not limited
to, the following: our ability to obtain capital; our ability to
develop and market new products and services that meet customer
demands and generate acceptable margins; our reliance on several
large customers; our ability to negotiate and enter into acceptable
contract terms with our suppliers; our ability to attract and
retain qualified management and other personnel; competition in the
industry in which we do business; failure of the third-party
communications networks on which we depend; legislation or
regulatory environments, requirements or changes adversely
affecting the businesses in which we are engaged; our ability to
maintain our databases, management systems and other intellectual
property; our ability to maintain adequate liquidity and produce
sufficient cash flow to fund our capital expenditures and debt
service; technological developments and changes in the industry;
our ability to complete acquisitions or divestitures and to
integrate any business or operation acquired; our ability to
overcome significant operating losses; and general economic
conditions. Additional information concerning these and other
important factors can be found under the heading "Risk Factors" in
GTT's annual and quarterly reports filed with the Securities and
Exchange Commission including, but not limited to, its Annual
Report on Form 10-K. Statements in this release should be evaluated
in light of these important factors.
GTT Media InquiriesAnn
Rote1-703-677-9941ann.rote@gtt.netorGTT Investor
RelationsJody Burfening/Carolyn
Capaccio1-212-838-3777ccapaccio@lhai.com
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