Sep 13, 2021
According to sources, GTT Communications is heading into Chapter 11 bankruptcy. The filing is expected to take place once GTT’s sale of its European and transoceanic fiber business is completed with I-Squared Capital. The bankruptcy filing could be a bad thing for enterprises or – by eliminating close to $3 billion in debt – GTT might be able to refocus its business and offer the type of transformational technology and services enterprises need.
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