GTT, a virtual network operator, will begin trading on the New York Stock Exchange (NYSE) with the new ticker symbol "GTT" next Monday.
Currently, GTT trades as "GTLT" on the OTCQB.
"This is a significant milestone for our company and all of our stakeholders," Richard D. Calder Jr., president and CEO of GTT, in a release. "We look forward to further enhancing our trading liquidity, market visibility, and increasing shareholder value."
The move to the NYSE comes at a time when GTT is growing its network presence through organic efforts and a series of acquisitions, including Inteliquent's data business this April and nLayer in 2012. By purchasing Inteliquent, GTT now has over 250 PoPs across North America, Europe, and Asia-Pacific and will serve over 2,000 customers in close to 100 countries.
Besides bolstering its network holdings, GTT itself reported that it seeing an uptick in its financial results. In Q1, GTT's earnings rose year-over-year to $26.4 million.
For more:
- see the release
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