Anybody have thoughts on this? What do we know about Northpoint?
Fez
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Global Crossing Would Buy Rest of NorthPoint, Magazine Says
Hamilton, Bermuda, Dec. 2 (Bloomberg) -- Global Crossing Ltd., a two-year-old company that's building a worldwide undersea telephone and data network, would consider buying the rest of NorthPoint Communications Group Inc., Telephony magazine reported, citing Jon Russo, Global Crossing's broadband services director. Global Crossing recently acquired Frontier Corp., which had invested $4.9 million in NorthPoint. Other NorthPoint investors include Microsoft Corp., which has invested $30 million, and Tandy Corp., which has invested $20 million, the magazine said.
Global Crossing owns less than 1 percent of NorthPoint, which provides fast Internet connections using Digital Subscriber Line technology, a spokesman said.
(Telephony 11/29/99 p. 22)
For the Telephony Web site, go to your Internet browser and enter internettelephony.com and press <Enter>.
Dec/02/1999 15:50 |
