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Article: GLOBAL CROSSING; Telecom company reports interest; AIRBUS . Chirac opens plant for superjumbo jet
- Article from:
- Daily Breeze
- Article date:
- July 17, 2002
- Author:
CopyrightCopyright 2002 Daily Breeze. Provided by ProQuest LLC. (Hide copyright information)
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GLOBAL CROSSING. Telecom company reports interest. AIRBUS
. GLOBAL CROSSING. Telecom company reports interest GlobalCrossing
said Tuesday it had received competing bids from several parties,
despite a crisis of confidence in the telecommunications industry.
The Bermuda-based firm, which in January filed the largest telecom
bankruptcy case in U.S. history, said at least three groups have bid
for the entire company or pieces of its 100,000-mile fiber optic
network that connects 200 cities worldwide.
"We do have a competitive situation," John Legere, the chief
executive officer, said. "Given the environment we are in, I think
this is a good outcome." In May, Legere said more than 60 ...