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Global Crossing (GBLX) was a telecommunications company that provided computer networking services worldwide and operated a tier 1 carrier. It maintained a large backbone network and offered transit and peering links, Virtual private network (VPN), leased lines, audio and video conferencing, long distance telephone, managed services, dialup, colocation and VoIP. Its customer base ranged from individuals to large enterprises and other carriers, with emphasis on higher-margin layered services such as managed services and VoIP with leased lines. Its core network delivered services to more than 700 cities in more than 70 countries. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks. It was legally domiciled in Bermuda, although its administrative headquarters is in New Jersey. On October 3, 2011, the company was acquired by Level 3 Communications. ==Founding and early growth== Global Crossing was founded by Gary Winnick, Abbott L. Brown, David L. Lee, and Barry Porter in 1997 through Pacific Capital Group, Winnick's personal venture group, which had experienced mixed results in its twelve-year history. In 1997, Global Crossing raised $35 million of capital from the CIBC Argosy Merchant Funds (later Trimaran Capital Partners), the heads of which were former associates of Winnick. Canadian Imperial Bank of Commerce (CIBC) realized an estimated gain of $2 billion from its relatively small equity investment in Global Crossing, making it one of the most profitable investments by a financial institution in the 1990s.〔(How Executives Prospered as Global Crossing Collapsed ). The New York Times (2002)〕〔(The Drexel Connection at Global Crossing ). Business Week (2002)〕 Winnick was chairman from 1997 until 2002. In 1998 he hired Lodwrick Cook, former CEO of Atlantic Richfield Company (ARCO), as co-chairman.〔"The Rise and Fall of Global Dreams," New York Times, March 3, 2002〕 John Scanlon became the first chief executive officer in the same year, but was replaced in February 1999 by Robert Annunziata, who had resigned as president of AT&T's Business Services group to "build a company from start to finish".〔"Fast Times at Global Crossing" New York Times, October 12, 2000〕 Annunziata oversaw the rapid expansion of the company, including the purchase of Frontier Corp. at a cost of $11.2 billion, the $850 million purchase of Global Marine Systems, and an increase in the workforce from 150 to 14,000. Annunziata resigned in March 2000. The next CEO was Leo Hindery, another AT&T executive, who had joined the company a few months earlier as head of its webhosting division, GlobalCenter. In March 2000, the month Hindery took over, Global Crossing's stock had reached a high of $61 per share. A month later, it had fallen to $25, and the company's filing for an offer of $2.5 billion in common and convertible preference shares was halved. Many of the original investors sold most or all of their holdings for substantial gains. Hindery predicted that the company would attain a positive cash flow by early 2002, but he resigned in October 2000 after seven months with the company and the sale of the GlobalCenter division to Exodus Communications. He was replaced by Thomas Casey, a lawyer who came to Global Crossing from Merrill Lynch, where he was co-head of the global telecom investment banking group. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Global Crossing」の詳細全文を読む スポンサード リンク
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