Global Telecom & Technology Enters Strategic Agreement With VTLWaveNet To Provide Fiber Solutions Across Europe
MCLEAN, Va., June 25, 2008 – Global Telecom & Technology, Inc. (“GTT”), (OTCBB: GTLT), a leading global Multi-Network Operator, announced today that it has entered a strategic agreement with VTLWaveNet to provide high-capacity bandwidth solutions in numerous European markets, including recent network expansion into Switzerland, Belgium, and France.
This agreement enables GTT to provide high-capacity connectivity across Europe and into the United States, including wavelengths, dark fiber, and co-location services. In support of its recent network build out, VTLWaveNet is also actively promoting its Ethernet services between Europe’s major Internet exchanges. VTLWaveNet’s diverse network uses redundant high-capacity paths into the United Kingdom, avoiding the traditional routes to London via the Channel Tunnel.
The partnership also allows VTLWaveNet to expand their network reach to leverage GTT’s global footprint to locations outside of their existing territories. With more than 800 supplier relationships globally, GTT can offer VTLWaveNet customers a wide range of WAN solutions and services around the world.
“The agreement further highlights the value proposition of our Multi-Network Operator strategy,” said Richard D. Calder, Jr., GTT’s president and CEO. “GTT is uniquely positioned to provide our customers with multi-carrier bandwidth solutions with no predisposition to any one supplier or technology. Adding VTLWaveNet’s high-capacity pan-European footprint to GTT’s global supplier base significantly enhances our multi-network operator strategy.”
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 VTLWaveNet
VTLWaveNet, part of the Viatel Group, was launched in February 2007 as the new wholesale division. VTLWaveNet combines an advanced fibre optic backbone network with metro fibre reach into major business districts, to offer customers managed IP and network services direct to their premises with less dependence on local third party suppliers.
About Viatel
Viatel is a business communications service provider, delivering a comprehensive portfolio of IP services. With a wholly-owned backbone network running through the UK, Germany, France, the Netherlands, Belgium and Switzerland, Viatel provides both managed and unmanaged services, through an internal sales force and indirect channel partners.
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