Global Crossing - Reemergence

Reemergence

After obtaining regulatory approval, Global Crossing emerged from restructuring on December 9, 2003, with its core network intact and a streamlined business model. It began trading on NASDAQ on January 22, 2004, under the ticker symbol GLBC.

In October 2006, Global Crossing announced the acquisition of UK-based Fibernet. Two weeks later it announced its intention to acquire Impsat, a leading provider of telecom and Internet services in Latin America. Fibernet's roster of enterprise and carrier customers in the financial, insurance, and retail segments complemented Global Crossing's market position in the UK government and rail sectors. The acquisition of Impsat brought Global Crossing a local presence in seven Latin American countries, Impsat’s 10,000-kilometer IP-based inter-regional network, 15 metropolitan networks, and 15 advanced hosting centers.