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


To: jopawa who wrote (9822)2/6/2001 1:06:05 PM
From: jopawa  Read Replies (1) | Respond to of 15615
 
it's a 5 year deal according to DJ, i saw no mention of the length anywhere else:


February 6, 2001



Global Crossing Gets $300M Pact From Swift Cooperative
Dow Jones Newswires

NEW YORK -- Global Crossing Ltd. (GX) received a five-year $300 million contract to manage the messaging network for Swift, a messaging cooperative for the financial services industry.

In a press release Monday, Global Crossing said it will integrate Swift's existing system into its own network.

Brussels-based Swift supplies messaging services and interface software to 7,000 financial institutions in 190 countries.

Global Crossing provides services via an Internet protocol based fiber optic network.

-Jason Philyaw; Dow Jones Newswires; 201-938-5388

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