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Article: GLOBAL CROSSING BIG FOR ITS SIZE TELECOM COMPANY HAS EXPERIENCED MANAGERS, UNDERSEAS CABLE SYSTEM AND HIGH STOCK PRICE.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- May 18, 1999
- Author:
CopyrightCOPYRIGHT 1999 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jerd Smith News Staff Writer
The average telecommunications startup could not simply waltz out and merge - almost as equals - with a $31 billion, 54,000-employee regional Bell telephone company.
But Hamilton, Bermuda-based Global Crossing Ltd. isn't a run-of-the-mill startup.
Run by a stellar cast of former Fortune 500 execs, Global Crossing has raised roughly $4 billion during the past two years, including an $800 million bond offering, a wildly successful initial public stock sale that raised $400 million and a sale of preferred stock that brought in another $500 million.
The young company is putting together a series of ...