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


To: CF Rebel who wrote (1953)9/14/1999 3:00:00 PM
From: TechMkt  Read Replies (1) | Respond to of 15615
 
CF,

Great map. Frontier has a huge IP infrastucture and seems like a natural fir for GBLX.

O course the price could be anything next week. Tomorrow's CPI numbers will drive things for the next week or so. I have not heard of any opposition to the GBLX/FRO merger and am therefore confident.

Fez



To: CF Rebel who wrote (1953)9/17/1999 5:44:00 AM
From: TechMkt  Read Replies (1) | Respond to of 15615
 
The merger is on track. Two weeks until completion.

Fez
_________________________________________
Friday September 17, 5:00 am Eastern Time
Company Press Release

New York Public Service Commission Unanimously Approves Global Crossing - Frontier Merger

HAMILTON, Bermuda--(BUSINESS WIRE)--Sept. 17, 1999--Global Crossing (NASDAQ:GBLX - news) and Frontier Corporation (NYSE:FRO - news) today announced that the New York Public Service Commission has unanimously approved the Global Crossing - Frontier merger.

``We are very pleased to receive approval from New York State for our merger with Frontier,' said Bob Annunziata, Chief Executive Officer of Global Crossing. ``We fully expect to complete closing on the merger within the next two weeks. Our associates from Frontier have built a premier U.S. terrestrial fiber optic network and developed such best-in-class services as web hosting and video-audio conferencing, all while maintaining world class local and long distance telephony and other businesses in their portfolio. We are all looking forward to the new Global Crossing.'