Acquired by Level 3 Communications which was acquired by CenturyLink (now Lumen Technologies)
Headquarters
Hamilton, Bermuda
Key people
John Legere, CEO
Revenue
US$2.536 billion (2009)
Net income
-US$141 million (2009)
Number of employees
5,235 (2009)
Footnotes / references [1]
Global Crossing Limited, was a telecommunications company that provided computer networking services and operated a tier 1 carrier. It maintained a large backbone network and offered peering, virtual private networks, leased lines, audio and video conferencing, long-distance telephone, managed services, dialup, colocation centres and VoIP. Its customer base ranged from individuals to large enterprises and other carriers, with emphasis on higher-margin layered services such as managed services and VoIP with leased lines. Its core network delivered services to more than 700 cities in more than 70 countries.[2]
Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public networks.[3] It was legally domiciled in Bermuda and had its administrative headquarters in New Jersey.[citation needed]
In 1999, during the dot-com bubble, the company was valued at $47 billion, but it never had a profitable year.[4][5] In 2002, the company filed for one of the largest bankruptcies in history and its executives were accused of covering up an accounting scandal.[6] On October 3, 2011, Global Crossing was acquired by Level 3 Communications for $3 billion, including the assumption of $1.1 billion in debt.[7]
^"Global Crossing Limited Offer To Exchange Up To $750,000,000 12% Senior Secured Notes due 2015 which have been registered under the Securities Act of 1933 for any and all outstanding 12% Senior Secured Notes due 2015". U.S. Securities and Exchange Commission.
^"Level 3 to Acquire Global Crossing" (Press release). Business Wire. April 11, 2011.
^"Global Crossing Completes Acquisition of Impsat" (Press release). Thomas Register. May 22, 2007.
^O'BRIEN, TIMOTHY L. (August 15, 2004). "A New Legal Chapter for a 90's Flameout". The New York Times. Archived from the original on 2015-05-28.
^Stern, Christopher (January 29, 2002). "Global Crossing Files for Bankruptcy". The Washington Post.
^Cite error: The named reference 324m was invoked but never defined (see the help page).
^"Level 3 Completes Acquisition of Global Crossing" (Press release). PR Newswire. October 4, 2011.
GlobalCrossing Limited, was a telecommunications company that provided computer networking services and operated a tier 1 carrier. It maintained a large...
GlobalCrossing Airlines, Inc., operating as GlobalX Airlines, is an American Part 121, domestic, flag, and supplemental charter airline headquartered...
investigated for insider trading regarding GlobalCrossing. It was alleged that he sold large amounts of his GlobalCrossing stock while having non-public information...
Li Ka-shing. HGC became a joint venture of Hutchison Whampoa and GlobalCrossing from 2000 to 2002. In 2004, a Bermuda incorporated, Hong Kong listed...
announced a tender offer had been made to acquire fellow Tier 1 provider GlobalCrossing in an all-stock transaction, which was approved by shareholders on...
president of T-Mobile US. He previously worked for AT&T, Dell, and GlobalCrossing. He resigned as CEO following the approval of the merger of T-Mobile...
December 30, 2021. "2000 GlobalCrossing @ the Glen". Racing-Reference. Retrieved December 30, 2021. "2001 GlobalCrossing at the Glen". Racing-Reference...
Report". U.S. Securities and Exchange Commission. March 2, 2005. "GlobalCrossing Investors Settle With Citigroup". The New York Times. Reuters. March...
investors in telecom and Internet businesses, most notably backing GlobalCrossing in 1997. Trimaran also led the first leveraged buyout of an integrated...
Corporation, trading on the NYSE under the FRO symbol. Ownership passed to GlobalCrossing in 1999, and then, in 2001, to Citizens Utilities Corporation, which...
Attanasio joined the board of directors at the telecommunications firm GlobalCrossing, which filed for bankruptcy in January 2002. He resigned his position...
A level crossing is an intersection where a railway line crosses a road, path, or (in rare situations) airport runway, at the same level, as opposed to...
acquired assets and the Frontier name from GlobalCrossing North America in Bermuda for $3.65 billion. GlobalCrossing had previously acquired the Frontier...
Foreign and Commonwealth Office Telecommunications Network, provided by GlobalCrossing,[needs update?] 020 is also one of the dialling codes used for telephone...
collapsed and a number of these companies filed for bankruptcy protection. GlobalCrossing and Worldcom are two high-profile examples in the United States. Similar...
Alabama (GlobalCrossing, 2001) Frontier Communications of Lamar County (GlobalCrossing, 2001) Frontier Communications of the South (GlobalCrossing, 2001)...
first flight occurred on June 8, 2023, with its flights operated by GlobalCrossing Airlines through a public charter agreement. Red Way ceased operations...
Pines) - France Embraer Aircraft Holding (Ft. Lauderdale) - Brazil GlobalCrossing USA (Miami) - USA Iberia Airlines of Spain (Miami) - Spain Itau Private...
Foreign and Commonwealth Office Telecommunications Network, provided by GlobalCrossing. This service uses a London 020 numbering range, meaning that numbers...
Blocks Donations for Printing Boris Nemtsov's Ukraine War Report · Global Voices". Global Voices. May 15, 2015. Archived from the original on August 1, 2015...
com. "GlobalCrossing, U S West to merge – May 17, 1999". money.cnn.com. "Qwest Wins U S West for $35 Billion, Ending Duel with GlobalCrossing". Wall...
1999, GlobalCrossing, Microsoft and Softbank started Asia GlobalCrossing as a venture to build a US$2 billion cable system, East Asia Crossing (EAC)...
their GlobalCrossing shares and use the proceeds to purchase up to 4,000 Ullico shares at the then-current price of $53.94. The increase in Global Crossing...
$100,000 as an angel investor in GlobalCrossing, a Bermuda–registered telecommunications company. GlobalCrossing went public in 1998. In 1999, he sold...
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