Global Crossing - GX (formerly GBLX) Message Board

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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: N. David Lessani who wrote (3466)	12/8/1999 11:50:00 PM
From: Ellen	Read Replies (1) of 15615

Speaking of an ipo for the Global center, has this been mentioned before (below)? Didn't recall seeing it here, so thought I'd post this. totaltele.com Global Crossing Ltd., Hamilton, Bermuda, plans to list separately its Asian network within the next two years. The new venture, called Asian Global Crossing, will comprise the carrier's existing majority stake in a trans-Pacific undersea cable with a new regional network linking seven Asian countries. Microsoft Corp. and Softbank Corp. will each invest $173 million for 3.5% stakes in the venture initially, but their stakes would rise as the value of the Asian network grows. Global Crossing plans to invest $1.28 billion in the construction of the new network over two years.

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