Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: John Carragher who wrote (1466)	8/10/1999 9:07:00 AM
From: John Carragher	of 15615

Dow Jones Newswires Global Crossing Launches $100M Customer Finance Program NEW YORK -- Global Crossing Ltd. (GBLX) unveiled a $100 million customer finance program offered through a partnership between its Global Crossing USA Inc. unit and Newcourt Credit Group Inc.'s (NCT) Newcourt Capital unit. In a press release Tuesday, the companies said the financing will cover up to 100% of the cost of broadband capacity purchases on the Global Crossing Network. The companies expect the transactions will average between $5 million and $10 million, fully amortizing over three years. -Alan Paris; 201-938-5400

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