Sign in Subscribe
Telephone services

Global Crossing Grants Waiver to U S WEST to Participate in Discussions with Qwest Communications International

Strategic Insights

— 1 min read

Global Crossing has granted a waiver to U S WEST, allowing the company to furnish information to and participate in discussions with Qwest Communications International, as requested by the board of directors of U S WEST. This move comes amidst a backdrop of significant industry developments, with Global Crossing building and operating the world's first and most advanced global IP-based datacentric network. The Global Crossing Network, which spans five continents and addresses 80% of the world's international traffic, is poised to revolutionize the way data, voice, video, and Internet transmissions are handled. With executive offices in Los Angeles and operations headquartered in Hamilton, Bermuda, Global Crossing is at the forefront of the telecommunications industry.

Key Takeaways:

  • Global Crossing has granted a waiver to U S WEST to participate in discussions with Qwest Communications International, as requested by the U S WEST board of directors.
  • The waiver allows U S WEST to furnish information to Qwest Communications International in connection with potential discussions.
  • Global Crossing is building the world's first and most advanced global IP-based datacentric network, which will span five continents and address 80% of the world's international traffic.
  • The Global Crossing Network is designed to handle data, voice, video, and Internet transmissions, representing a significant shift in the telecommunications industry.
  • Global Crossing's operations are headquartered in Hamilton, Bermuda, with executive offices in Los Angeles.

Statistics:

  • 80% of the world's international traffic will be addressed by the Global Crossing Network.
  • 5 continents will be spanned by the Global Crossing Network.
  • The Global Crossing Network will handle data, voice, video, and Internet transmissions.
  • Global Crossing's operations are headquartered in Hamilton, Bermuda, with executive offices in Los Angeles.

Sources:

  • PRNewswire: "Global Crossing, Ltd. (NB: source not provided explicitly, inferred from context that this is the referring press release)
  • Nasdaq: GBLX
  • NYSE: USW
  • SEC (U.S. Securities and Exchange Commission)
  • Global Crossing: www.globalcrossing.com (exact link provided)

Read more