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Bookmark or Share- Global Crossing: History, Impact, and Acquisition by Level 3 ...Global Crossing, a once-prominent telecommunications provider, filed for bankruptcy in 2002 amidst allegations of accounting irregularities, echoing the dot-com bubble’s excesses. This article explores its history, including its aggressive accounting practices, legal settlements, and eventual acquisition by Level 3 Communications, providing ...
- Behind Global Crossing's failure - CNETFive years after it began, Global Crossing was forced to admit that its goals were too ambitious: The company's network links more than 200 major cities in 27 countries, but because it couldn't...
- Gary Winnick, Global Crossing founder and once L.A.'s richest man, dies ...Gary Winnick, who made his fortune founding Global Crossing, an undersea internet cable company at the height of the dot-com boom, has died.
- Global Crossing: What It is, How It Works, Example - InvestopediaGlobal Crossing was a large telecommunications provider whose famous bankruptcy in January 2002 followed that of the Enron Corporation in December 2001.
- How Executives Prospered as Global Crossing CollapsedGlobal Crossing's ambition -- to build a 100,000-mile fiber-optic network linking 27 countries -- was an expensive proposition.
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