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GTT Communications Inc (GTT.N)

GTT.N on New York Stock Exchange

50.55USD
19 Jun 2018
Change (% chg)

$0.50 (+1.00%)
Prev Close
$50.05
Open
$49.40
Day's High
$50.65
Day's Low
$48.35
Volume
164,329
Avg. Vol
96,146
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$62.25
52-wk Low
$28.35

Latest Key Developments (Source: Significant Developments)

Gtt Reports Q4 Loss Per Share $1.12
Thursday, 1 Mar 2018 08:00am EST 

March 1 (Reuters) - Gtt Communications Inc ::GTT REPORTS FOURTH QUARTER AND FULL YEAR 2017 FINANCIAL RESULTS.Q4 REVENUE ROSE 80.7 PERCENT TO $249.2 MILLION.QTRLY LOSS PER SHARE $1.12.  Full Article

GTT To Acquire Interoute For About EUR 1.9 Billion
Monday, 26 Feb 2018 08:00am EST 

Feb 26 (Reuters) - GTT Communications Inc ::GTT TO ACQUIRE INTEROUTE.GTT COMMUNICATIONS INC - DEAL FOR APPROXIMATELY EUR 1.9 BILLION ($2.3 BILLION) IN CASH..GTT COMMUNICATIONS INC - ‍PURCHASE PRICE WILL BE PAID IN CASH AT CLOSING​.GTT COMMUNICATIONS INC - ‍ RECEIVED COMMITTED DEBT FINANCING FOR DEAL FROM A GROUP OF FINANCIAL INSTITUTIONS.GTT - ‍ RECEIVED COMMITTED EQUITY FINANCING OF $250 MILLION FROM CO'S LARGEST INSTITUTIONAL INVESTOR SPRUCE HOUSE PARTNERSHIP & ACACIA PARTNERS​.GTT COMMUNICATIONS INC - ‍AFTER CLOSING, EXPECTS TO REDUCE RATIO OF TOTAL NET DEBT TO ADJUSTED EBITDA TO ITS LONG-TERM TARGET RANGE OF 3.0-4.0:1​.  Full Article

GTT Acquires Custom Connect
Monday, 8 Jan 2018 08:00am EST 

Jan 8 (Reuters) - GTT Communications Inc ::GTT COMMUNICATIONS INC - ‍ACQUISITION OF CUSTOM CONNECT, A PROVIDER OF HIGH-SPEED NETWORK CONNECTIVITY.GTT ACQUIRES CUSTOM CONNECT.  Full Article

Spruce House reports 9.2 pct passive stake in GTT Communications​
Monday, 13 Nov 2017 05:22pm EST 

Nov 13 (Reuters) - GTT Communications Inc ‍:Spruce House Investment Management LLC reports a 9.2 pct passive stake in GTT Communications Inc <<>> as of Nov 3 - SEC filing ​.  Full Article

GTT Communications Inc qtrly loss per share $‍0.23​
Thursday, 2 Nov 2017 08:00am EDT 

Nov 2 (Reuters) - Gtt Communications Inc :Gtt reports third quarter 2017 financial results.Q3 revenue $198.9 million versus i/b/e/s view $197.2 million.Gtt communications inc - qtrly loss per share $‍0.23​.Q3 earnings per share view $-0.03 -- Thomson Reuters I/B/E/S.  Full Article

GTT acquires Transbeam
Tuesday, 3 Oct 2017 08:00am EDT 

Oct 3 (Reuters) - GTT Communications Inc :GTT acquires Transbeam.GTT Communications Inc - deal for ‍$28 million in cash.​.GTT Communications Inc - acquisition is expected to generate a post-synergy adjusted EBITDA of 5.0x or lower.  Full Article

GTT Communications says intends to offer $100 mln aggregate principal amount of its 7.875 pct senior notes due 2024‍​
Monday, 25 Sep 2017 07:57am EDT 

Sept 25 (Reuters) - Gtt Communications Inc :GTT Communications Inc - intends to offer, subject to market conditions, $100 million aggregate principal amount of its 7.875 percent senior notes due 2024‍​.  Full Article

GTT reports qtrly earnings per share $0.02
Thursday, 3 Aug 2017 08:00am EDT 

Aug 3 (Reuters) - GTT Communications Inc ::GTT reports second quarter 2017 financial results.Q2 revenue $186.2 million versus I/B/E/S view $186.8 million.Qtrly earnings per share $0.02.Q2 earnings per share view $-0.01, revenue view $186.8 million -- Thomson Reuters I/B/E/S.  Full Article

GTT Communications enters into Amendment No. 1 to company's existing credit agreement
Friday, 14 Jul 2017 11:47am EDT 

July 14 (Reuters) - Gtt Communications Inc ::Says entered into Amendment No. 1 to company's existing credit agreement.Says repricing amendment is to credit agreement, dated as of January 9, 2017 - SEC FILING.Says under repricing amendment, 100 percent outstanding term loans as of July 10 were converted to Tranche B term loans or repaid in full.  Full Article

GTT to acquire Global Capacity
Monday, 26 Jun 2017 08:00am EDT 

June 26 (Reuters) - Gtt Communications Inc :Gtt to acquire global capacity.Gtt communications inc - purchase price consists of $100 million in cash and 1.85 million shares of gtt common stock, to be issued to sellers at closing.Gtt communications inc - gtt will fund cash portion of consideration at close with funds from debt offering completed in may.Gtt communications inc - expects that global capacity's annualized revenue will be approximately $200 million at close.  Full Article

BRIEF-GTT Reports Q1 Loss Per Share $0.69

* Q1 REVENUE $260.7 MILLION VERSUS I/B/E/S VIEW $253.6 MILLION