Published: 13 July 2000
Analyst(s): Wm. L. Hahn, Margaret Schoener, Ron Cowles
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.
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