Global Crossing Ltd. | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-06-15

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Global_Crossing


00:01:38 1 Founding and early growth
00:09:00 2 Controversies
00:09:10 2.1 Political activity
00:09:58 2.2 Executive bonuses



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Speaking Rate: 0.8298258090709597
Voice name: en-US-Wavenet-F


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SUMMARY
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Global Crossing was a telecommunications company that provided computer networking services and operated a tier 1 carrier. It maintained a large backbone network and offered peering, virtual private networks, leased lines, audio and video conferencing, long distance telephone, managed services, dialup, colocation centres 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  networks. It was legally domiciled in Bermuda, and had administrative headquarters in New Jersey.
In 1999, during the dot-com bubble, the company was valued at $47 billion, but never had a profitable year. In 2002, the company filed for one of the largest bankruptcies in history and its executive were accused of covering up an accounting scandal. On October 3, 2011, Global Crossing was acquired by Level 3 Communications for $3 billion, including the assumption of $1.1 billion in debt.