Global Crossing

LONDON-Global Crossing announced an upcoming extranet offering designed to allow operators to deliver voice and video applications over a single connection from a neutral provider. Wireless Services Exchange will be launched in multiple phases, with an initial introduction of mobile-to-mobile …

WASHINGTON D.C.-Global Crossing received Federal Communications Commission approval to transfer its assets and operations to New GX, a company formed under the laws of Bermuda, with main offices in New Jersey, to carry out Global Crossing’s Chapter 11 reorganization process. …

WASHINGTON D.C.-Global Crossing has received Federal Communications Commission approval to transfer its assets and operations to New GX, a company formed under the laws of Bermuda, with main offices in New Jersey, to carry out Global Crossing’s Chapter 11 reorganization …

RESTON, Va.-Telecommunications provider XO Communications Inc. will shut down some offices and lay off 500 people by the end of the year, according to a report in the Washington Post. Cuts will be made in the finance, marketing and human …

NEW YORK-Global Crossing this week was granted an extension on its exclusive purchase agreement with Singapore Technologies Telemedia Pte. Ltd., by which STT plans to invest $250 million to own 61.5 percent of the bankrupt company. The exclusivity extension means …

RESTON, Va.-XO Communications Inc. announced it now owns approximately $790 million of Global Crossing’s $2.214 billion debt after $495 million of Global Crossing senior secured loans were tendered to XO yesterday. The news follows XO’s fourth proposed restructuring plan for …

RESTON, Va.-XO Communications Inc. has launched an “any and all” tender offer for Global Crossing Ltd.’s $2.25 billion debt in its third move to purchase the bankrupt company. Under this offer, XO will pay $220 per $1,000 of bank debt, …

RESTON, Va.-XO Communications Inc. has launched an “any and all” tender offer for Global Crossing Ltd.’s $2.25 billion debt in its third move to purchase the bankrupt company. Under this offer, XO will pay $220 per $1,000 of bank debt, …

RESTON, Va.-Broadband service provider XO Communications Inc. continues to pursue its previously announced plans to acquire bankrupt telecommunications company Global Crossing. XO said it is prepared to launch an “any and all” tender offer for Global Crossing’s $2.25 billion bank …

RESTON, Va.-Broadband service provider XO Communications Inc. continues to pursue its previously announced plans to acquire bankrupt telecommunications company Global Crossing. XO said it is prepared to launch an “any and all” tender offer for Global Crossing’s $2.25 billion bank …

RESTON, Va.-Broadband communications provider XO Communications Inc. has offered $700 million to acquire all assets of bankrupt telecommunications company Global Crossing Ltd. and Global Crossing Holdings Ltd. The offer includes $250 million cash and the rest in secured notes, junior …

SAN BRUNO, California, United States-IPWireless, developer of UMTS TD-CDMA (TDD)-compliant broadband mobile network infrastructure, has expanded its technical center in the United Kingdom and will increase staffing there immediately, the company said. In other developments, IPWireless said Jack Scanlon has …

SAN BRUNO, Calif.-IPWireless Inc., developer of UMTS TD-CDMA (TDD)-compliant broadband mobile network infrastructure, has expanded its technical center in the United Kingdom and will increase staffing there immediately, the company said. In other developments, IPWireless said Jack Scanlon has joined …

NEW YORK—Lucent Technologies Inc. said that Global Crossing Ltd. owes it $123 million, not $31 million as listed in Global Crossing’s request for Chapter 11 bankruptcy protection, according to the Wall Street Journal. Lucent asked the court to compel Global …

If professionals need to be productive on the go, vVault thinks it has a platform on which they can walk. A mobile productivity applications provider, the company sets out to provide a technology platform to power network operators, ISPs, telecom …

Telcom Global Chris Carter was appointed Telcom Global Solutions Inc.’s senior director for engineering services. In his new position, Carter will be responsible for planning and managing the company’s global resource pool. Carter has more than seven years of experience …

NEW YORK-Debt downgrades for telecommunications carriers last year outnumbered upgrades by a two-to-one margin, setting the stage for increased pressure on ratings this year, analysts for Standard & Poor’s Corp. said. The freewheeling initial public offering market of the late …

NEW YORK-Tokyo-based NEC Corp. has ambitious expansion plans for its wireless handsets and infrastructure business, but the plans do not target North America, said Koji Nishigaki, president. In Asia, the company sees a big opportunity to supply third-generation mobile networks …

WASHINGTON-If Al Gore becomes the next president of the United States, as polls increasingly are suggesting, Big Telecom could gain unprecedented access to the White House and have extraordinary influence on high-tech policy for the next four years. It’s not …

Europe is embarking on a third-generation license auction frenzy the rest of this year, and operators are not happy about it. Since the United Kingdom raked in a whopping $35 billion earlier this year, other countries are moving away from …

Furious bidding between Vodafone AirTouch plc and Orange plc on the final day of last week’s Universal Mobile Telecommunications System auction in the United Kingdom drove the top bid for license B to $1.14 billion. For the second week in …

After one week and 16 rounds of bidding, incumbent operator Orange plc led all third-generation license bids in the United Kingdom with a $632.9 million bid for License B. The auction for five licenses, which is expected to last another …