Taken from Hoovers...
Global Crossing is building a fiber-optic cable system across the Atlantic and plans to create other undersea systems. The company's Atlantic Crossing (AC-1), connecting the US and Europe, is scheduled to be fully operable by February 1999, with service between the US and the UK to begin earlier. The company's other planned cables include the Pacific Crossing (PC-1) system connecting the US and Asia; the Mid-Atlantic Crossing (MAC) connecting the eastern US, Bermuda, the Caribbean, and Central America; and the Pan American Crossing connecting the western US and Central America. Customers for its AC-1 cable include Deutsche Telekom, Swisscom, Telia AB, and other telecommunications carriers and Internet providers.
Scheduled to IPO the week of 8/10/98.
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