Here are some FAQ's from the GBLX web site. Very good site located at globalcrossing.com. It's worth a visit to see the magnitude and shear genius of their business idea. I see GBLX as the DELL of the telcom industry. Nimble, efficient, well managed and customer oriented.
Fez
__________________________________
What is Global Crossing's business?
Global Crossing is the world's first integrated global fiber optic network provider. Upon completion of our currently announced systems, Global Crossing will provide city-to-city communications connectivity among 159 top metropolitan cities worldwide.
What systems have you announced?
Global Crossing has announced six undersea systems and two terrestrial systems at the present. The undersea systems are: 1). Atlantic Crossing (AC-1), 2). Pacific Crossing (PC-1), 3). Mid-Atlantic Crossing (MAC), 4). Pan American Crossing (PAC), 5) South American Crossing (SAC), and 6) Atlantic Crossing 2 (AC-2), . The terrestrial systems are: 1). Pan European Crossing (PEC) and 2). Global Access Limited (GAL) in Japan.
How are you different from other fiber optic networks?
As mentioned earlier, Global Crossing is the world's first integrated global fiber optic network provider. Additionally, we are a "Carrier's carrier". Most of the existing undersea networks are built by consortiums, unlike Global Crossing.
Global Crossing is a wholesaler to other telecommunication companies. We do not provide retail services.
Global Crossing is a start-up company. When are you planning to start providing services and when will you be profitable?
Yes, Global Crossing is a start-up company and we have been providing services since AC-1 commenced operation in May 1998. For quarter ended December 31, 1998, Global Crossing reported $51.6 Million Net Income Applicable to Common Stockholders.
How is Global Crossing financing its ambitious plan with the currently announced six projects?
The currently announced projects are fully financed. Global Crossing has raised over $4 billion in funding with it's Bond Offering of $800 Million, Initial Public Offering of $400 Million, Preferred Stock Offering of $500 Million, and project financing.
Does Global Crossing have a direct stock purchase program?
Global Crossing does not have this program at the present time. We are looking into the possibility of establishing such a program.
|
