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Global Telecom Acquisition of WBS Connect Complete

Global Telecom and Technology, Inc. announced the final purchase of WBS Connect, LLC. Global Telecom had been waiting for approval from the Federal Communications Commission.

Now, with this acquisition, GTT adds 400 customers and 60 cities throughout North America, Asia and Europe.

“We’re thrilled to welcome Scott Charter and Mike Hollander to the GTT team, ” states Rick Calder, President and Chief Executive Officer of GTT. “We believe that adding WBS’ talents, resources and complementary product set into our robust GTT company portfolio further enhances our ability to deliver additional value to our customers.”

The acquisition value is about $1.3 billion.

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