X0303 4 2010-04-10 1 0001315255 Global Telecom & Technology, Inc. GTLT 0001319244 INTEGRATED CORE STRATEGIES (US) LLC C/O MILLENNIUM MANAGEMENT LLC 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103 0 0 1 0 0001487118 ICS OPPORTUNITIES, LTD. C/O MILLENNIUM INTL. MGMT. LP 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103 0 0 0 1 May be deemed a group member. 0001426821 MILLENNIUM INTERNATIONAL MANAGEMENT LP C/O MILLENNIUM INTL. MGMT. GP LLC 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103 0 0 0 1 May be deemed a group member. 0001446830 MILLENNIUM INTERNATIONAL MANAGEMENT GP LLC 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103 0 0 0 1 May be deemed a group member. 0001273087 MILLENNIUM MANAGEMENT LLC 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103 0 0 0 1 May be deemed a group member. 0001017456 ENGLANDER ISRAEL A C/O MILLENNIUM MANAGEMENT LLC 666 FIFTH AVENUE, 8TH FLOOR NEW YORK NY 10103 0 0 0 1 May be deemed a group member. Common Stock 4300 D Common Stock 17000 D Class Z warrant 5.00 2012-04-10 Common Stock 654100 654100 D This Form 4 is being filed to report that the Reporting Persons ceased to beneficially own in excess 10% of the common stock, par value $0.0001 per share ("Common Stock"), of Global Telecom & Technology, Inc. (the "Issuer"), as a result of the expiration of 1,280,925 Class W warrants on April 10, 2010. As of the date of this Form 4, Integrated Core Strategies (US) LLC, a Delaware limited liability company ("Integrated Core Strategies"), is the beneficial owner of 658,400 shares of the Issuer's Common Stock, (consisting of 4,300 shares of Common Stock and 654,100 Class Z warrants); and ICS Opportunities, Ltd., an exempted limited company organized under the laws of the Cayman Islands ("ICS Opportunities"), is the beneficial owner of 17,000 shares of Common Stock. Each Class Z warrant entitles the holder to purchase one share of the Issuer's Common Stock at an exercise price of $5.00. The Class Z warrants will expire on April 10, 2012, or earlier upon redemption. Millennium Management LLC, a Delaware limited liability company ("Millennium Management"), is the general partner of the managing member of Integrated Core Strategies, and may be deemed to have shared voting control and investment discretion over securities owned by Integrated Core Strategies. Millennium Management is also the general partner of the 100% shareholder of ICS Opportunities, and consequently may be deemed to have shared voting control and investment discretion over securities owned by ICS Opportunities. Millennium International Management LP, a Delaware limited partnership ("Millennium International Management"), is the investment manager to ICS Opportunities, and consequently may be deemed to have shared voting control and investment discretion over securities owned by ICS Opportunities. Millennium International Management GP LLC, a Delaware limited liability company ("Millennium International Management GP"), is the general partner of Millennium International Management, and consequently may also be deemed to have shared voting control and investment discretion over securities owned by ICS Opportunities. Israel A. Englander ("Mr. Englander"), is the managing member of Millennium Management and of Millennium International Management GP, and consequently may be deemed to be the beneficial owner of any securities owned by Integrated Core Strategies or ICS Opportunities, as the case may be. The foregoing should not be construed in and of itself as an admission by Millennium International Management, Millennium International Management GP, Millennium Management or Mr. Englander as to beneficial ownership of the securities owned by Integrated Core Strategies or ICS Opportunities, as the case may be. *INTEGRATED CORE STRATEGIES (US) LLC, By: Integrated Holding Group LP, its Managing Member, By: Millennium Management LLC, its General Partner, By: David Nolan, Co-President *David Nolan, Co-President 2010-04-22