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.
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.
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".
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").
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.
We not only provided a divestiture solution to Global Crossing, which viewed the business as non-core, but we strengthened both SBG and Matrix by bringing them together," Mr.
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.
With a strong focus on serving customers, Global Crossing has gained an edge over the competition by adopting the 'best fit' technology from the customer perspective.
While so far three Global Crossing IP VPN customers have benefited by gaining seamless access to 63 major commercial centers in India.
We are pleased Global Crossing has selected BizRights," said Prashanth (PV) Boccasam, CEO of Approva.
Global Crossing (NASDAQ: GLBCE) provides telecommunications solutions over the world's first integrated global IP-based network.

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