Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (42864)	12/9/2003 10:43:41 PM
From: BubbaFred	of 74559

The same Global Crossing now owned by an Asian company? "The company is controlled by Singapore Technologies Telemedia, which invested $250 million in Global Crossing for a 61.5 percent equity share of the company. In addition to its original investment, ST Telemedia also agreed to purchase $200 million in senior secured notes that were to be distributed to Global Crossing creditors. The cash injection was used to pay off Global Crossing creditors, the company said." biz.yahoo.com

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