relating to the international operations of its business; (17) the 
Company may be affected by tax assessments, unfavorable tax audit 
outcomes, delayed tax filings and future increased levels of taxation; 
(18) the Company has substantial indebtedness, which could prevent it 
from fulfilling its obligations under its debt agreements or subject the 
Company to interest rate risk; (19) the potential failure of the Company 
to realize anticipated benefits of the sale of the Company's 
infrastructure division (the "Sale Transaction"); (20) risks from 
relying on Cube Telecom Europe Bidco Limited (the "Buyer") for various 
critical transaction services and network services for an extended 
period under the transition services agreement and the master services 
agreement contemplated by that certain Sale and Purchase Agreement, 
dated as of October 16, 2020 (as amended, the "Infrastructure SPA"), 
among the Company, its subsidiaries GTT Holdings Limited, Global Telecom 
and Technology Holdings Ireland Limited, Hibernia NGS Limited and GTT 
Americas, LLC (collectively, the "Sellers") and the Buyer; (21 the 
potential impact of consummation of the Sale Transaction on 
relationships with third parties, including customers, employees and 
competitors; (22) the ability to attract new customers and retain 
existing customers in the manner anticipated; (23) the Company has 
announced that it expects to report material weaknesses in internal 
control over financial reporting and its internal control over financial 
reporting may have further weaknesses of which the Company is not 
currently aware or which have not been detected, (24) the RSA may be 
terminated by certain of its parties if specified milestones are not 
achieved, amended or waived, or if certain other events occur, and (25) 
the ability to obtain relief from the Bankruptcy Court to facilitate the 
smooth operation of the Company's businesses during the Chapter 11 Cases 
and other risks and uncertainties relating to the Chapter 11 Cases, 
including but not limited to, the Company's ability to obtain approval 
of the Bankruptcy Court with respect to motions, the effects of the 
Chapter 11 Cases on the Company and on the interests of various 
constituencies, Bankruptcy Court rulings in the Chapter 11 Cases and the 
outcome of the Chapter 11 Cases in general, the length of time the 
Company will operate under the Chapter 11 Cases, risks associated with 
third-party motions in the Chapter 11 Cases, regulatory approvals 
required to emerge from chapter 11, the potential adverse effects of the 
Chapter 11 Cases on the Company's liquidity or results of operations and 
increased legal and other professional costs in connection with the 
Chapter 11 Cases. The foregoing list of factors is not exhaustive. The 
Company does not undertake to update the forward-looking statements to 
reflect the impact of circumstances or events that may arise after the 
date of the forward-looking statements. For a discussion of a variety of 
risk factors affecting the Company's business and prospects, see "Risk 
Factors" in the Company's annual and quarterly reports filed with the 
SEC including, but not limited to, its Annual Report on Form 10-K for 
the year ended December 31, 2019 and its Quarterly Report on Form 10-Q 
for the quarter ended March 31, 2020, which have been filed with the SEC 
and are available on the Company's website (www.gtt.net) and on the 
SEC's website (www.sec.gov). 

View source version on businesswire.com: https://www.businesswire.com/news/home/20211031005034/en/

    CONTACT:    GTT Media Inquiries: 
   Allison McLarty, Edelman 
   gtt@edelman.com 
   GTT Investor Relations: 
   Charlie Lucas, VP of Finance, GTT 
   investorrelations@gtt.net