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Global Crossing Tries to Stop N.Y. Station Eviction

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Global Crossing Tries to Stop N.Y. Station Eviction
Topic: Economics 7:52 am EST, Mar 27, 2002

A creditor's effort to evict Global Crossing Ltd. from a New York site where a fiber-optic cable from England hooks into the network of U.S. land lines would wipe out a third of Global's transatlantic telephone traffic and slash the company's value to potential buyers. ... [The motion] shows the precariousness of Global's vaunted worldwide network and the dependence all telecommunications companies have on each other, especially at a time when financial troubles seem to be having a domino effect. ...

"What some people are realizing through this whole telecom meltdown is that the livelihood of these companies is dependent on the livelihood of all the other companies." ...

Global Crossing Tries to Stop N.Y. Station Eviction



 
 
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