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- With $12.5 billion in debts, the company filed for bankruptcy on January 28 and commenced a restructuring process with the understanding that two Asian companies – Hutchison Whampoa and Singapore Technologies Telemedia – would chip in $750 million for a controlling stake.
knowledge.wharton.upenn.edu/article/factors-behind-global-crossings-failure/Factors Behind Global Crossing’s Failure - Knowledge at Wharton
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Mar 21, 2002 · The Global Crossing executives denied any improper accounting, and Legere said he hopes a viable, slimmed-down company can emerge from bankruptcy.
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.
Nov 9, 2023 · Gary Winnick, a former junk-bond salesman who in 1997 founded Global Crossing, a telecommunications company that laid fiber-optic cable underwater around the world to speed internet and phone...
Jan 26, 2023 · Key Takeaways. Global Crossing was a large telecommunications provider whose famous bankruptcy in January 2002 followed that of the Enron Corporation in December 2001. At the time, Global...
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Feb 13, 2002 · Unfortunately, not enough customers signed on to make Winnick’s vision pay off. Global Crossing filed for bankruptcy on January 28 even as the telecom industry itself faces a tough year.
Nov 7, 2023 · Gary Winnick, who made his fortune founding Global Crossing, an undersea internet cable company at the height of the dot-com boom, has died.
Jan 29, 2002 · On Monday, Global Crossing (TICKER:GX) filed for bankruptcy protection after racking up an astonishing $12.4 billion in debt.
