Gartner Research

Global Crossing Sells Off Local Phone Assets

Published: 13 July 2000

ID: G0089872

Analyst(s): Wm. L. Hahn , Margaret Schoener , Ron Cowles

Summary

Maverick next-generation carrier Global Crossing has announced it will sell the local infrastructure assets from last year's acquisition of Frontier to Citizens Communications for $3.65 billion. It reportedly is in talks to sell its GlobalCenter Web-hosting unit to rival Exodus Communications for $7 billion. The company, which nearly decupled its operating revenues between 1998 and 1999 through a spree of acquisitions seasoned with organic growth, would be left with its long-distance business as well as its large and growing web of long-haul fiber, both submarine and terrestrial.

Table Of Contents
  • Changes at the Top
  • Dataquest Perspective
    • What Does This Mean for the Local Market?
    • Where Does This Leave Global Crossing?

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