Global Crossing - GX (formerly GBLX) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Global Crossing - GX (formerly GBLX)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: cardcounter who wrote ()	10/10/1999 3:17:00 PM
From: Ellen	Read Replies (1) of 15615

totaltele.com [an excerpt] Global Crossing Eyes Sprint's Internet Assets By Lisa Levenson at Bloomberg News 06 October 1999 Global Crossing Ltd., which is building a worldwide phone and data network, is interested in buying Internet assets that MCI WorldCom Inc. and Sprint Corp. may have to shed to win regulatory approval of their planned $129 billion combination, Vice Chairman Joseph Clayton said. A divestiture "might be an opportunity for some companies," Clayton told the Bloomberg Forum. Asked if Global Crossing would take advantage of that opportunity, Clayton said "perhaps." Global Crossing last month completed its $9.3 billion acquisition of No. 5 U.S. long-distance Frontier Corp., adding a national U.S. fiber-optic network to the undersea cables it's laying. The combined company is selling a bundle of local, national and international communications services - including video, voice and data transmission - to businesses worldwide. "It's all about speed-to-market," Clayton said. "We don't discount any of the possibilities. We're open to equity, we're open to building out organically ourselves, or any type of partnership."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next