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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: changedmyname who wrote (10672)4/17/2001 9:59:17 AM
From: Theophile  Read Replies (1) of 15615
 
I know that TCM calls this their 'co-build' strategy, but my question is "isn't this vendor financing?" I continue to note that the players involved with TCM in their co-builds are they with little hope of obtaining financing in this market....FTHL is the most recent.

I approve of the strategy, but what happens when rates decline sufficiently to endanger these player's abilities to pay TCM? Are there any links showing how the financial arrangements are managed?

TIA

Martin Thomas
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