GTS Files a 10-Q

LONDON -- Global TeleSystems, Inc. ("GTS") (OTC:GTLS; NASDAQ EUROPE:GTSG; Frankfurt:GTS) announced today that in light of its ongoing restructuring activities, it has decided not to publish a separate earnings release at this time and instead wishes to inform the public of the filing of its SEC Form 10-Q for the three and six months ended June 30, 2001. An electronic copy of this public filing will also be made available on the GTS website at www.gts.com. Global TeleSystems Inc. (GTS)