Key Developments For Global Crossing Limited
Global Crossing Limited (GLBC.O) (Nasdaq)
Global Crossing Ltd. Reaffirms FY 2009 Guidance
Global Crossing Ltd. reaffirmed fiscal 2009 guidance and expects revenue to be in the range of $2.500-$2.600 billion and OIBDA to be in the range of $320-$380 million. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $2.540 billion and EBITDA of $363 million for the same period.
Global Crossing Ltd. Issues FY 2009 Mixed Guidance
Global Crossing Ltd. announced that for fiscal 2009, it expects revenue to grow in the mid- to-high single digits, although foreign exchange impacts are likely to cause reported revenue to appear flat to down. In addition, it anticipate considerable growth in OIBDA. The Company expects revenues of $2.500-$2.600 billion and OIBDA of $320-$380 million for fiscal 2009. According to Reuters Estimates, analysts were expecting the Company to report revenues of $2.625 billion and EBITDA of $249 million for fiscal 2009.
Minera Chinalco Peru Selects Global Crossing Ltd. As Technology And Telecommunications Provider
Global Crossing Ltd. announced that Minera Chinalco Peru, a subsidiary of the Aluminum Corporation of China (Chinalco) - a multinational polymetallic mining company - has acquired an extensive portfolio of technology and telecommunications solutions for the development of its copper megaproject Toromocho.
Integralis AG and Global Crossing to Cooperate in Product Development
Integralis AG announced that the Company and Global Crossing, a global IP solutions supplier, have combined forces in creating a comprehensive solution that provides highly secure IP services to the Government sector in the UK. By taking Integralis' renowned Managed Security Services (MSS) and wrapping them around Global Crossing's IP services, the companies have been able to create a simple yet unified offering that ensures customers deploy the very best in secure VPN networks.
Global Crossing Ltd. Reaffirms FY 2008 Guidance
Global Crossing Ltd announced that for fiscal 2008, it expects revenue of $2.570-$2.675 billion and adjusted cash EBITDA of $320-$380 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $2.605 billion and EBITDA of $371 million for fiscal 2008.
