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

To: tech101 who wrote (33)	8/29/2007 1:09:46 AM
From: FJB	Respond to of 70

ST Telemedia Increases Equity Stake in Global Crossing Tuesday August 28, 4:01 pm ET Debt-to-Equity Conversion Is Part of Previously Announced Recapitalization Plan FLORHAM PARK, N.J., Aug. 28 /PRNewswire-FirstCall/ -- Global Crossing (Nasdaq: GLBC - News), a leading global IP solutions provider, today announced that STT Crossing Ltd, a subsidiary of Singapore Technologies Telemedia Pte Ltd, on Monday, August 27, 2007 increased its equity and voting interests in Global Crossing to 66.2 percent, based on the number of shares outstanding as of August 1, 2007. STT Crossing converted $250 million original principal amount of mandatorily convertible notes due December 2008 into approximately 16.58 million shares of common stock. The shares included 8,806,431 warrants, which were immediately converted into common stock. STT Crossing had previously received $7.5 million in cash as part of the transaction. The conversion is part of a recapitalization plan that Global Crossing announced in May, related to its establishment of a five-year, $350 million secured term loan facility. Under the loan facility, the company is also required to put in place a collateral package by August 30, 2007 or such later date determined by the administrative agent in its reasonable discretion. The administrative agent has determined to extend such date to September 12, 2007. ABOUT SINGAPORE TECHNOLOGIES TELEMEDIA Singapore Technologies Telemedia (ST Telemedia) is a leading player in the telecommunications and information services industry, with core competencies in mobile telephony and global IP services. ST Telemedia invests in and manages an innovative group of companies globally, including StarHub, Indosat, Global Crossing, TeleChoice, Camshin and Lao Telecoms. To know more about ST Telemedia, please visit www.sttelemedia.com. ABOUT GLOBAL CROSSING Global Crossing (Nasdaq: GLBC - News) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 320 cities in 31 countries worldwide, and delivers services to more than 600 cities in 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide. Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first -- and remains the only -- global communications provider with IPv6 natively deployed in both its private and public backbone networks. Please visit www.globalcrossing.com or blogs.globalcrossing.com/ for more information about Global Crossing. Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

To: tech101 who wrote (33)	8/29/2007 1:10:23 AM
From: FJB	Respond to of 70

Highwinds Engages Global Crossing for Telecommunications Services Tuesday August 28, 8:00 am ET Highwinds' RollingThunder Network Connects with Global Crossing's Worldwide Network Infrastructure to Ensure Best-in-Class Content Delivery Solutions WINTER PARK, Fla., Aug. 28 /PRNewswire/ -- Highwinds Network Group, Inc., a global provider of content distribution solutions, today announced that it has entered into a network agreement with Global Crossing (Nasdaq: GLBC - News), a leading global IP solutions provider. Under the agreement, Global Crossing is providing Highwinds with an extensive suite of telecommunications services that enable Highwinds' customers to leverage Global Crossing's widespread IP- based network for accessing Internet-based content. This relationship is firmly rooted in Highwinds' strategy of expanding its worldwide network infrastructure to position the company as a provider of best-in-class content delivery solutions. "We are committed to providing content delivery solutions that lead the industry in speed, availability and reliability," said Steve Miller, president of Highwinds. "One way we're doing that is by physically establishing new network presences in cities around the globe. We are also ensuring network longevity and maintaining a satisfied customer base by partnering with leading telecommunications providers. We are pleased to work with Global Crossing, a company that shares our commitment to technological innovation and high- quality customer care." Highwinds operates its own internationally deployed 10 Gbps wavelength network to distribute Internet-based content to users throughout the world. Highwinds' RollingThunder(TM) network consists of strategically placed data centers, which house server and storage technology used to manage content, in eight North American and European cities. Through this new partnership, Highwinds' network also connects to Global Crossing's extensive IP-based network, which is connected by more than 100,000 route miles of fiber-optic cabling linking more than 320 cities in 31 countries. Global Crossing is providing Highwinds with IP transit services, providing always-on, direct high-speed global Internet connections at speeds ranging from 56/64 Kbps to OC48/STM16, as well as Fast Ethernet, Gigabit Ethernet and even 10-Gigabit Ethernet. Highwinds is utilizing Global Crossing's services for both international and metropolitan routes, including co-location sites in Ashburn, Va., Atlanta and Phoenix. The ability of Highwinds' network to tap into Global Crossing's network provides Highwinds with additional route diversity and helps them ensure that all types of content are delivered through the fastest, most efficient and cost-effective means. "Customers like Highwinds consider Global Crossing to be a trusted business partner with a robust IP network, dedicated to achieving their business objectives," said Dan Wagner, Global Crossing's executive vice president for enterprise services. "Delivering high-impact, high-bandwidth video and multimedia content quickly and reliably over the public Internet has historically been a great challenge, but Global Crossing's nimbleness in providing IP transit, co-location facilities and network infrastructure around the world ensures Highwinds is able to deliver best-in-class content delivery solutions to its customers." About Global Crossing Global Crossing (Nasdaq: GLBC - News) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 320 cities in 31 countries worldwide, and delivers services to more than 600 cities in 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide. Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting, and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first -- and remains the only -- global communications provider with IPv6 natively deployed in both its private and public backbone networks. For more information, please visit www.globalcrossing.com or blogs.globalcrossing.com. About Highwinds Network Group, Inc. Highwinds has been a leader in the development of content replication and delivery software and services since 2002. This experience has led to a number of technology innovations in network management, distributed file system technology and advanced content routing methods. The Highwinds CDN leverages best-in-class hardware and software to quickly and successfully move content at a global level. The company's high-performance RollingThunder(TM) network and user-friendly StrikeTracker(TM) content management and reporting console enable clients to deploy and manage content, file downloads and streaming media. Highwinds is headquartered in Winter Park, Fla., and maintains data centers in eight North American and European cities. For more information, visit www.highwinds.com.

To: tech101 who wrote (33)	10/7/2007 6:08:00 PM
From: FJB	Read Replies (1) \| Respond to of 70

The Internet’s Capacity To Handle Fast-Rising Demand for Bandwidth usiia.org EXECUTIVE SUMMARY Industry and academic experts are increasingly concerned about the Internet’s capacity to continue to handle the fast-rising demand for bandwidth, unless investments in Internet infrastructure accelerate substantially. However these elements are measured, the growth in demand for bandwidth is outpacing the growth in supply. This begins with the rapid growth in broadband access. · Between 2004 and 2006, U.S. broadband access increased from 27 percent of households to 44 percent, and it continues to expand here and around the world. · Industry estimates suggest that between 2006 and 2010, broadband use will grow another 80 percent in the U.S., reaching 90 million households, and by 90 percent worldwide, reaching 474 million households. The spread of broadband access has been accompanied by large increases in the use of bandwidth-intensive applications, especially voice, music and video. Absent a significant expansion in network infrastructure, the Internet’s capacity could be strained, limiting consumers’ ability to fully enjoy its services. · One minute of text browsing requires an average of 2-200 KB of bandwidth, compared to some 1,000 KB for audio and 9,000 KB for video in the MPEG-2 compression format. · Music file swaps and downloads are growing at an annual rate of 50 percent to 60 percent. · Video downloading and streaming are so bandwidth intensive that they already may account for 50 to 60 percent of all bandwidth traffic. · Experts estimate that by 2010, video transmissions could account for as much as 80 percent to 90 percent of all worldwide bandwidth traffic, especially with the spread of IPTV and HDTV Internet-based TV. · New ways of accessing the Internet for text, music and video – especially through mobile phones and appliances – also are driving up demand for bandwidth in major developing countries as well as the U.S., Europe and Japan. Accommodating the fast-rising demands on bandwidth will require a significant acceleration in industry investments – totaling $300 billion to $1 trillion for the United States alone – that current pricing models discourage. · Monthly flat-fee pricing and strong competition helped to accelerate the spread of Internet access by driving down prices, and generated sufficient revenue to support the investments to serve the new users. In the U.S., the drop in prices has helped spread broadband to previously underserved populations. · Now, bandwidth traffic demands are rising much faster than new subscribers, even as competitive pressures keep driving down prices. As a result, demand is now increasing much faster than investment. · For example, Internet traffic across borders has been rising at an average rate of 75 percent a year, while bandwidth capacity to handle this traffic is expanding by about 45 percent a year. Projections by TeleGeography suggest that international Internet traffic will continue to grow much faster than deployment of new international bandwidth will. In most markets, as demand increases so does revenue, which in turn stimulates the investments needed to meet higher demand on a sustained basis. With the Internet, increases in demand for bandwidth by existing 5 users do not translate into higher revenues for the companies providing the bandwidth and access to it, because access to the Internet has spread through fixed-fee pricing. This pricing model supported the necessary investments in bandwidth infrastructure when increases in overall demand were driven mainly by the rapidly-rising numbers of Internet users, and most individuals and applications used little bandwidth. As these factors have changed – the number of new user-subscribers has begun to plateau and the average bandwidth used by subscribers has risen – a mismatch between demand and investment is emerging. Under this scenario, the quality of Internet services could decline as congestion causes transmissions to slow, which in turn would discourage the development and introduction of new high-bandwidth services. Accelerated investment is necessary to meet the growth in capacity demand. New business models that can monetize part of the sharp increase in bandwidth traffic can help ISPs, telecoms and backbone companies expand their investments sufficiently to meet the fast-rising demand for bandwidth. Without prejudging what would be the most economically-efficient and socially-beneficial pricing arrangements, the potential options include: · The development by ISPs of service packages tailored for content providers that transmit high bandwidth content · A separate fee schedule for consumers whose Internet use requires large bandwidth · Higher flat fees for all broadband users.