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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (1092)	6/7/1999 9:43:00 AM
From: Maven	Read Replies (1) \| Respond to of 15615

Article you referred to (...RACE FOR GLOBAL DOMINANCE IN GLOBAL COMMUNICATIONS) is from the June 7th issue of BARRON'S. Oscar A. Castro, one of the panelists, is listed as a principal of Montgomery Asset Management, who runs the Montgomery Global Communications Fund. Article is a 'must read' for anyone with investments in the telecom industry. RSSheldon

To: Raymond Duray who wrote (1092)	6/9/1999 8:01:00 PM
From: Tony Wang	Read Replies (1) \| Respond to of 15615

Is it possible that Bell South and Qwest can jointly bid for US West with a higher bid, so that for all practical purposes GBLX will exit and collect the break-up fee $850 mill. + selling 9.5% of the shares at 62.50 or higher? Wouldn't that be a boon to the stock? And all those arbitragers would have to cover their shorts on GBLX in the open market? Wouldn't this scenario send GBLX to $75 in no time? Thoughts anyone?

To: Raymond Duray who wrote (1092)	6/11/1999 4:43:00 PM
From: Teddy	Read Replies (1) \| Respond to of 15615

Mexico? i guess this is a good idea: news.com BESTEL SELLS DARK FIBER TO GLOBAL CROSSING Business Wire June 11, 1999, 8:18 a.m. PT Business Editors and Telecommunications Writers MEXICO CITY--(BUSINESS WIRE)--June 11, 1999--BESTEL, S.A. de C.V., a long-distance service provider in Mexico and the United States, announced today the signing of $53 million sale of dark fiber to Global Crossing, LTD (Nasdaq:GBLX). The sale provides Global Crossing four dark fibers throughout Bestel's existing network in Mexico and along new routes to be constructed in the western and central parts of the country. "This is a significant event for Bestel," said Cristobal Canales, CEO of Bestel. "Global Crossing's selection of Bestel as its Mexican partner affirms the quality of our network and builds on our unique position in the market as the only carrier's carrier with one of the largest fiber networks in the country." Global Crossing Vice President for Latin America, Joe Guzman, stated, "We evaluated all the potential partners for our Mexican network and selected Bestel based on their quality and flexibility. Global Crossing is focused on being the predominate provider of fiber optic connectivity around the world. Bestel proved they are the best choice for us in Mexico." Bestel's Mexican network extends nearly 2300 kms, from Nuevo Laredo, at the US/Mexican border, southward through the major business and population centers of the country, including Mexico City, Guadalajara and Monterrey. In conjunction with this agreement, Bestel will construct an additional 1800 kms of fiber from Guadalajara, up the West Coast to Mazatlan, and across the center of the country. Connecting through Torreon to Monterrey, Bestel will create another redundant fiber ring within the network. This extension of the network positions Bestel as the only carrier in Mexico, other than Telmex, capable of providing fiber optic communications services in the western and central parts of the country. Hector Carlos, VP of Sales, said, "Bestel provides a range of switched, dedicated and co-location services, providing carriers, wholesalers, and corporations with world-class service and customer care. The sale to Global Crossing strengthens both our customer portfolio and our reach to customers worldwide." "The relationship between Bestel and Global Crossing is further proof of our superior network quality and our focus on the unique needs of our customers," says Eduardo Garcia, Bestel Vice President of Engineering. "And with our network expansion across western and central Mexico, Bestel becomes a predominate provider of fiber optic services in the country." Bestel began offering long-distance services in October 1998. The company's strategy is to use its high-capacity, low-cost network to position itself as the carrier's carrier of Mexico, targeting high-volume business users and other communications companies for domestic and international services. Bestel was the only Mexican carrier to obtain railroad rights of way for the construction of a national network. Use of the railroads and advanced construction techniques enabled the company to deploy its network across the country and within major population centers at much lower costs than other carriers. The network uses a 60-count fiber cable within a hermetically sealed, buried conduit, and two spare conduits for future expansion. The Mexican telecommunications market is growing at double-digit rates, spurred by industry deregulation which has brought competition to the long-distance, local, wireless and value-added services sectors. This growth rate is projected to continue in the years ahead. Bestel is owned by Grupo Varo (51%) and Global Light Telecommunications (49%). Grupo Varo, based in Guadalajara, Mexico, has business interests in Telecommunications, Construction, Engineering and Real Estate. Global Light Telecommunications is a publicly traded company (GGB) based in Vancouver, Canada, with operations in North America, Europe and Latin America. Certain statements contained in this press release are "forward-looking statements" within the meaning of section 27A of the Securities Act and section 21E of the Securities Exchange Act of 1934.