Global Telecom & Technology (GTT) Separates Series A Units and Series B Units

MCLEAN, VA, (NAMC) - Global Telecom & Technology, Inc. (“GTT”) (OTCBB:GTLT) today announced that it intends to exercise its right to require the separation of its Series A Units and Series B Units as issued in GTT’s April 2005 initial public offering into the securities comprising these units.

Currently, the following securities are contained within each unit:

Immediately following the separation, GTT will withdraw the registration of the Series A Units and the Series B Units, and trading in the units will cease. The shares and warrants comprising the units will continue to trade separately on the OTCBB. This separation is scheduled to take effect by the close of business on Friday, January 19, 2007.

“Since the completion of the acquisitions, it is no longer necessary to continue the securities structure that supported our predecessor special purpose IPO format and brought us to this point. We can now streamline our public securities offerings to present investors of all types opportunities to invest in GTT that are more easily understood,” said Mike Keenan, chief executive officer, GTT. “Upon the separation of our Series A and B units we will have a capital structure consisting of 3 securities for investors to consider – our common stock, our Class W Warrants and our Class Z Warrants.”

About Global Telecom & Technology, Inc.

Formed in October 2006, following the acquisition by Mercator Partners Acquisition Corp. of all the outstanding shares of Global Internetworking Inc. and European Telecommunications & Technology Limited, Global Telecom & Technology, Inc. (“GTT”) (OTCBB:GTLT) is a new type of service provider: a Multi-Network Operator (“MNO”).

As a Multi-Network Operator, GTT does not own the infrastructure upon which its services are provided. Instead, GTT designs solutions based on its customer’s requirements, using an optimal combination of telecommunications networks and technologies. Unlike traditional network centric carriers, GTT provides best-of-breed solutions by procuring, integrating and managing components of these various networks on its customers’ behalf. GTT has taken the inherent advantages of the Multi-Network Operator approach to a new level through a combination of powerful network design and pricing tools; a global service footprint; a deep and broad set of strategic vendor relationships; and above all, an expert team committed to delivering outstanding end-to-end customer service.

Headquartered in McLean, Virginia and with offices in London, Paris, Dusseldorf, New Delhi, and New York, GTT provides a global service footprint covering more than 50 countries, and it has more than 200 customers and in excess of 100 carrier partnerships around the world. For more information visit the GTT web site: http://www.gt-t.net

Forward-Looking Statement

Some of the statements made by GTT in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. GTT believes that its primary risk factors include, but are not limited to: developing and marketing new products and services that meet customer demands and generate acceptable margins; loss of key customers; negotiating and entering into acceptable contract terms with our suppliers; attracting and retaining qualified management and other personnel; and competition and other risks associated with the communications sector in general and the virtual network operator sector in particular. Additional information concerning these and other important factors can be found within GTT’s filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.

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Investor Inquiries:
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