Continental AG Selects Global Telecom & Technology for Connectivity into the United States
MCLEAN, Va., May 8, 2008 – Global Telecom & Technology, Inc. (“GTT”), (OTCBB: GTLT), a leading global Multi-Network Operator (MNO), today announced that Continental AG (“Continental”), (GR: CON), one of the world’s leading manufacturers of automotive parts, has awarded GTT a contract to support its network expansion into the United States.
The agreement calls for GTT to extend Continental’s North American network reach with Ethernet and IP-based connectivity. With targeted annual sales of more than €26.4 billion in 2008, Continental employs approximately 150,000 people in 36 countries worldwide.
This contract expands the existing portfolio of services GTT currently provides for the German-based multi-national corporation, including clear channel private line connectivity and mobility solutions, the latter of which supports Continental’s nearly 6,000 worldwide remote and traveling employees.
“This agreement, and agreements like it, reinforce GTT’s value proposition as a Multi-Network Operator,” said Richard D. Calder, Jr., GTT’s president and CEO. “For global enterprises like Continental, GTT can leverage its worldwide expertise in network design and delivery that spans multiple countries, carriers, and technologies. In addition to our global expertise, GTT provides the highest levels of end-to-end support for our customers.”
About GTT
As a Multi-Network Operator, GTT combines multiple networks and technologies to design unique network solutions for its customers. By integrating components of multiple carrier networks, GTT can create the “best network” in a way that no single carrier can. GTT has taken the Multi-Network Operator strategy to a new level, through a combination of powerful network design tools, a global service footprint, a deep and broad set of strategic supplier relationships, and above all, an expert team committed to delivering outstanding end-to-end customer service.
Headquartered just outside Washington, D.C. in McLean, Virginia and with offices in London, Paris, and Dusseldorf, GTT has over 150 carrier partnerships and access to over 100,000 network Points of Presence around the world. GTT provides a global service footprint that supports more than 300 businesses in more than 70 countries, worldwide. For more information visit the GTT web site: www.gt-t.net
About About Continental AG
The Continental Corporation is one of the world's leading automotive industry suppliers offering comprehensive know-how in tire and brake technology, vehicle dynamics control, electronics and sensor systems with the aim of making individual mobility safer and more comfortable. Around 85,000 employees at present work at more than 100 locations (manufacturing facilities, research centers and test tracks). The corporation is organized into four divisions: Automotive Systems, Passenger and Light Truck Tires, Commercial Vehicle Tires and ContiTech. The company manufactures tires for cars, commercial vehicles and two-wheelers, hydraulic and electronic brake systems (ESC, ABS, TCS), electronic air suspension systems and hybrid drives. Alongside products for the automotive industry power transmission systems and suspension mounts. The ContiTech division also manufactures products for machine engineering and mining and for the furniture and print industries. For more information please visit the website: www.conti-online.com
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