MCLEAN, VA – Global Telecom & Technology Inc. (OTCBB: GTLT) a global network integrator that sells a broad portfolio of wide-area network and mobility services, has signed a definitive agreement to acquire privately-held WBS Connect, based in Denver, CO.

Under the terms of the agreement, the total consideration consists of 500,870 shares of GTT common stock to be issued over 18 months beginning six months after the transaction closes, $1.8 million in cash and seller notes, plus the assumption of WBS liabilities and working capital.

WBS Connect sels high bandwidth IP and wide area networking services to over 400 customers worldwide. WBS Connect has a presence in over 85 global data centers, access to more than 300,000 lit buildings, and over 240 Gigabits of network traffic currently in production.

The acquisition of WBS Connect will expand the portfolio of IP transit and Ethernet services GTT offers.

Online: www.gt-t.net

© 2009, TechJournal South. All rights reserved.