4. Jim Delis, GTT
Managed network services provider GTT Communications has exited all of its chapter 11 bankruptcy cases, having cut $2.8 billion off its debt and brought in new investors.
GTT, which filed for chapter 11 bankruptcy in October 2021, announced that it has completed its financial restructuring process. The announcement comes a little more than a month after GTT worked out a deal with key creditors to amend its reorganization plan in light of current macroeconomic challenges.
GTT Americas president Jim Delis made waves when he said the company looks forward to engaging with channel partners in 2023 and beyond.
“Today’s announcement is extremely positive news for GTT and our partners. We have emerged as a financially strengthened company with an enhanced capital structure and reduced debt. We continue to provide the highest quality service to customers around the world, with improved operations to capitalize on new market opportunities for networking and security services,” Delis told Channel Futures.
Find out more here about GTT’s plans to impact the channel.