It is not the first sale of GTT shares made by Cannell. At the beginning of October, the manager of Cannell Capital also unloaded around 10,000 shares at a price of $5.39 apiece and almost 5,000 shares sold for $5.36 apiece.
Global Telecom & Technology reported a revenue of $39.7 million in the second quarter, which shows an increase by 46% on the year. Earlier this year, GTT, engaged in global nertwork, Internet access and data services, acquired Tinet, a provider of voice, IP Transit, Ethernet and hosted services with a market in over 80 countries around the globe.
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