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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: mthomas who wrote (1962)9/16/1999 11:56:00 PM
From: TechMkt   of 15615
 
Here's an excert from today's GBLX article.

``The demand in the European market is enormous, with the intra-European bandwidth market alone estimated at $15 billion a year and predicted to continue at double-digit growth for several years,' said Wim Huisman, President, Global Crossing Europe. ``That's why we're investing well over $800 million in this very robust, future-proof European network, and why we situated our network center at the most technologically sophisticated European gateway right here in London.'

Global Crossing customers include Deutsche Telekom, Swisscom, France Telecom, KPN, BT, as well as Cable & Wireless, AT&T, MCI Worldcom, and USALink.

The network operations center will also manage and provision services for Asia Global Crossing, Global Crossing's new joint venture with Microsoft and Softbank that will provide advanced network-based telecommunications services to businesses and consumers throughout Asia. It will also manage and provision services for Frontier Corporation (NYSE:FRO - news), a leading Internet Protocol (IP) applications and communications services provider which has recently agreed to merge with Global Crossing Ltd.
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