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Global Crossing: Services
built 655 days ago
Global Crossing is one of a number of telecommunications and telecom vendors who have been hurt by the slower-than-forecasted growth in demand for telecom services. In late December it announced it obtained a waiver from its leading lenders, led by J.P. Morgan Chase & Co. (JPM: down $0.98 to $34.01, Research, Estimates) and Citibank, a unit of Citigroup Inc. (C: down $0.65 to $48.97, Research, Estimates) for potential violations of a credit agreement covering $2.25 billion in borrowing. That waiver was good through the middle of next month.
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Global Crossings Inc. is a leading provider of long-distance telecommunication facilities and services, utilizing a network of undersea digital fiber-optic cable systems and associated terrestrial backhaul capacity. The network currently includes 97,200 route miles, serving five continents, twenty-four countries and two hundred major cities.
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To this service, Global Crossing now has added an automated business-to- business Local Number Portability (LNP) interface. LNP lets telephone subscribers retain their phone numbers when they change local or wireless carriers, just as they do with long distance carriers. This leading edge, e-bonded enhancement gives Global Crossing a competitive advantage with its service provider customers by eliminating manual processes, resulting in time and money savings as well as enhanced productivity.
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Global Crossing offers enterprises a full suite of converged IP collaboration services for virtually any meeting need. Audio conferencing services include Ready-Access, Global "800" Service, VoIP Ready-Access, Event Call, Event Express Call and Automated Event Call. Customers around the world are able to connect to Global Crossing's audio collaboration platform using a mix of toll-free and local access methods. Web conferencing services include Ready-Access Web Meeting, eMeeting and Live Meeting. Videoconferencing services include iVideoconferencing, IP Video, Ready-Access Video, and Video Endpoint Management Service supporting both ISDN and IP-based end points.
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LONDON, Sept. 4 /PRNewswire-FirstCall/ -- Global Crossing today announced it has been awarded a three-year contract to offer Voice over Internet Protocol (VoIP) as part of a new service targeted at the research- and-education and consumer markets. The service forms part of a triple-play offering being launched by Inuk Networks later this year aimed initially at a UK university student population of more than three million. The service will include broadband Internet access, IPTV and VoIP.
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In April 1998, John M. Scanlon left Motorola Inc.'s cellular division to become CEO of Global Crossing, while Lodwrick Cook and Winnick became co-chairmen. On May 26, ten months after construction began, the first phase of AC-1 initiated commercial service, allowing data and voice transmissions between the United States and the United Kingdom. The start-up coincided with the tenth anniversary of the first submarine fiber-optic cables. According to John Burgess of the Washington Post, the cable could 'handle more than 480,000 simultaneous two-way transatlantic conversations, each duplicated for protection.' Tyco Submarine Systems Ltd., which was the hardware developer and primary contractor during the construction of the system, was now responsible for operating and maintaining AC-1.
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