Global Crossing


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Global Crossing

A telecommunications company that filed for bankruptcy during the Enron scandal of the early 2000s. It had previously inflated its profits by recording as revenue its conduit swaps, a transaction in which telecommunications companies exchange carriers with each other without trading money. In 2005, it was found to have violated several accounting laws and was forced to settle with the SEC. See also: Sarbanes-Oxley Act.
References in periodicals archive ?
However, several Global Crossing creditors have questioned the value of that offer, which would have given Global Crossing $250 million cash.
During his tenure at Global Crossing Conferencing and ConferTech, Mr.
Asia Global Crossing does not expect the Global Crossing voluntary reorganization to have any immediate effect on Asia Global Crossing's internal operations or customer service, as Global Crossing has said that it will continue to conduct its business in the ordinary course while it reorganizes under Chapter 11.
Prior to joining Asia Global Crossing, Legere was senior vice president of Dell Computer Corporation and president for Dell's operations in Europe, the Middle East and Africa and president, Asia-Pacific for Dell from 1998 until February 2000.
By purchasing additional capacity from Global Crossing, we can continue to employ the latest technology in response to the area's needs and the demands of users".
The Global Crossing and Frontier rating watch will be resolved as the pro forma corporate structure and financials for the RACAL acquisition are analyzed.
In connection with Global Crossing's proposed acquisition of Impsat pursuant to the terms of an Agreement and Plan of Merger between Global Crossing and Impsat, Impsat will file a proxy statement with the Securities and Exchange Commission (the "SEC").
All other Global Crossing Directors will tender no more than 50% of their eligible shares.
The M-series platforms support applications such as VoIP aggregation and peering, and because the T-series platforms share the same JUNOS operating system, Global Crossing is able to reduce operation expenses by simplifying network management.
We thoroughly researched telecommunications network cost vendors before ultimately selecting TEOCO due to their telecom knowledge, automation experience and comprehensive and secure product offering," said Rob Klug, chief accounting officer at Global Crossing.
Jonathan Smith, Vice President of Ericsson Enterprise division in the UK and Ireland, said: "This contract from Global Crossing is another clear indication of Ericsson's continued commitment to the enterprise sector.
A leading telecom provider, Global Crossing operates the world's first integrated IP network connecting 300 cities in 30 countries, with services offered in more than 500 cities and 50 countries on six continents around the globe.

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