Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeffrey D who wrote (4175)	2/3/2000 10:06:00 PM
From: Teddy	Respond to of 15615

hi Jeffrey, i'm not sure what Global Crossing Ltd. plans to with AFRICA ONE (actually, i never know what this company is going to do next). From their original Press Release 8 months ago: globalcrossing.com The contract is expected to provide more than $100 million in revenue for Global Crossing for the provision of marine operations and to act as project manager, overseeing construction, installation, and implementation of the system. The new marine fleet that Global Crossing will purchase from Cable & Wireless, in a deal expected to close this month, will handle marine operations for the Africa ONE project. Global Crossing subsidiaries will be paid in cash and/or in capacity on the Africa ONE system, at the option of Global Crossing. Although neither an investor nor an owner of Africa ONE, Global Crossing will integrate the capacity it receives from the system into the Global Crossing Network. The link-up will provide end-to-end connectivity for the African continent to 19 countries and 185 cities around the world. ``Global Crossing will be working closely with Lucent on Africa ONE to build an infrastructure project of vital importance to the African continent, with state-of-the-art advanced technology and world-scale capacity,' said William B. Carter, President of Global Crossing Development Co. ``The Africa ONE system will be transformational in the lives of the people of Africa that it serves.' I remember Bob Anz saying something in a CC a couple of months ago that they didn't think Africa would generate much traffic, but they might add a new cable to link a northern point through the Med Sea to some other countries or something like that. Who knows? Surf's up.