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

To: Rick who wrote (537)	3/22/1999 8:43:00 PM
From: Robert S.	Read Replies (2) \| Respond to of 15615

Selected analyst highlights... from MLPF&S 3/19 re FRO/GBLX merger: Combined company will be extremely well-positioned to serve the exploding revolution in internet/data/video traffic as internet moves from text to video & e-commerce. Merger expands GBLX's prior $4B wholesale revs to the $450B combined retail/wholesale, US/rest of world telecoms market. Each brings assets the other needs: FRO a new OC-48 US longhaul network, a 200K line US CLEC, retail & wholesale salesforces, backoffice & web hosting skills; GBLX a global network and entrepreneurial managememt including former Teleport CEO Bob Annunziata. Together, the new company will have fiber optic connectivity between the US and Europe, within the US and within Europe including 6 additional cities in Germany and from the US to Japan, South America, and eventually likely to the Mediterranean and Southeast Asia. Route mileage goes from FRO's domestic 20,000 to 71,000 including GBLX's planned 51,000... MLPF&S believes the combined company will have the portfolio of assets to compete across nearly every segment of the communications industry. *The companies forecast combined revenue of over $3.5B in 1999 and EBITDA of approx. $1B.