To: BI*RI who wrote (2569 ) 10/11/1999 7:12:00 PM From: Mohan Marette Respond to
Thanks for that link to the article and allow me to extract portion pertaining to GBLX, I thought it is very revealing, thanks again.cash flow is already positive , though there are still massive capital investment requirements. "It is important to be profitable as you continue to build more cable systems, since we plan to go back to the public markets for more financing." All together, they cover three continents and are active in markets that account for 80 percent of the world's international traffic. As of February, Global Crossing had confirmed it had commitments for US$1.052 billion in purchases of capacity on its network through the end of the fourth quarter 1999. GAL, Global Crossing's joint venture with Marubeni Corp. (Tokyo), will build a high-capacity fiber optic network of about 1,300 route-kilometers connecting Tokyo, Osaka and Nagoya with the cable stations of PC-1. Operations are expected to commence this December. The Technology Curve Global Crossing has a broad agreement with Lucent Technologies Inc., under which it will receive priority access to the company's advanced optical technologies as they are developed, as well as financing for Pan European Crossing, for which Lucent will supply optical fiber and opto-electronic equipment. Lucent also agrees to provide financing for future systems, if it is chosen as a supplier for those systems. Customers have also benefited from the speed-to-market factor, which independent systems like Global Crossing are addressing. The last consortium cable, TAT-12, took four years to build to supply capacity on the U.S. to U.K. route. Global Crossing's cable system was in place in about 20 months.'
