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

To: Curtis E. Bemis who wrote (7856)	9/21/2000 10:31:09 AM
From: jopawa	Read Replies (4) \| Respond to of 15615

Found this as a headline, can't locate the full story yet: 10:25 [GBLZ] SEC FILING:GLOBAL CROSSING RESTATES Q1 P.S. LOSS, 45 CENTS VS. REPORTED 39 CENTS 10:25 [GBLZ] SEC FILING:GLOBAL CROSSING RESTATES Q12000 LOSS, WIDENS BY $41 MLN

To: Curtis E. Bemis who wrote (7856)	9/21/2000 10:48:13 AM
From: Teddy	Respond to of 15615

Global Crossing Still Plans UK Broadband Svc Via Partners Dow Jones Newswires LONDON -- U.S. telecommunications company Global Crossing Ltd. (GBLX) still plans to offer its U.K. customers high-speed Internet access, despite reports to the contrary. However, it isn't planning to use its own equipment to provide the services. A spokesman for the company said it will provide customers with high-speed access in partnership with other telecom companies. It is talking to at least three potential suppliers of high-speed services, he said, though he declined to name them. Earlier Thursday, a newspaper report named Global Crossing as one major company that had abandoned plans to introduce high-speed Internet access in the U.K. because of frustration over the slow pace of 'unbundling' the local loop. Former monopoly British Telecommunications PLC (BTY) has been accused of delaying the process of giving competitors access to the local loop - the copper wires traveling from local exchanges directly into homes and offices - by making it difficult for competitors to place their equipment into the local exchanges. The Global Crossing spokesman said the company didn't apply for space in local exchanges because it doesn't suit the company's business model. The company targets mostly multinationals and it's only economically viable to put equipment into a local exchange if there is a large number of customers connected to that exchange, it said. "Targeting corporate customers, to reach that level of density is quite difficult. It was a cold economic calculation," the spokesman said. "It makes sense for us to procure services through a third party," he added. However, the spokesman said Global Crossing would like to see the local loop opened to competition, and will continue to strive for that outcome. -By Karen Chan, Dow Jones Newswires; 44-20-7842-9269; karen.chan@dowjones.com