Editing Global Crossing (section)

{{Short description|US telecommunications company, 1997–2011}}
{{Infobox company
| name = Global Crossing Limited
| logo = Global Crossing logo.svg
| foundation = {{start date and age|1997|03}}
| defunct = {{end date and age|2011|10|03}}
| location = [[Hamilton, Bermuda]]
| fate = Acquired by [[Level 3 Communications]] which was acquired by [[CenturyLink]] (now [[Lumen Technologies]])
| key_people = [[John Legere]] ([[CEO]])
| industry = [[Telecommunications]]
| revenue = US$2.536 billion (2009)
| net_income = -US$141 million (2009)
| num_employees = 5,235 (2009)
| footnotes = <ref>{{cite web | url=https://www.sec.gov/Archives/edgar/data/84567/000119312510152357/d424b3.htm | title=Global Crossing Limited Offer To Exchange Up To $750,000,000 12% Senior Secured Notes due 2015 which have been registered under the Securities Act of 1933 for any and all outstanding 12% Senior Secured Notes due 2015 | publisher=[[U.S. Securities and Exchange Commission]] | access-date=2018-05-05 | archive-date=2018-05-05 | archive-url=https://web.archive.org/web/20180505205025/https://www.sec.gov/Archives/edgar/data/84567/000119312510152357/d424b3.htm | url-status=live }}</ref>
}}

'''Global Crossing Limited''' was a [[telecommunications]] company that provided [[computer network]]ing services and operated a [[tier 1 carrier]]. It maintained a large [[backbone network]] and offered [[peering]], [[virtual private network]]s, leased lines, audio and video conferencing, long-distance telephone, [[managed services]], [[dialup]], [[colocation centre]]s 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.<ref>{{cite press release | url=https://www.businesswire.com/news/home/20110411005956/en/Level-3-Acquire-Global-Crossing | title=Level 3 to Acquire Global Crossing | publisher=[[Business Wire]] | date=April 11, 2011 | access-date=May 5, 2018 | archive-date=May 6, 2018 | archive-url=https://web.archive.org/web/20180506035023/https://www.businesswire.com/news/home/20110411005956/en/Level-3-Acquire-Global-Crossing | url-status=live }}</ref>

Global Crossing was the first global communications provider with [[IPv6]] natively deployed in both its private and public  networks.<ref name=impsat>{{cite press release | url=https://news.thomasnet.com/companystory/global-crossing-completes-acquisition-of-impsat-519482 | title=Global Crossing Completes Acquisition of Impsat | publisher=[[Thomas Register]] | date=May 22, 2007 | access-date=May 5, 2018 | archive-date=May 5, 2018 | archive-url=https://web.archive.org/web/20180505205211/https://news.thomasnet.com/companystory/global-crossing-completes-acquisition-of-impsat-519482 | url-status=live }}</ref> It was legally domiciled in [[Bermuda]] and had its administrative headquarters in [[New Jersey]].{{cn|date=June 2023}}

In 1999, during the [[dot-com bubble]], the company was valued at $47 billion, but it never had a profitable year.<ref name="flameout">{{cite news |last=O'BRIEN |first=TIMOTHY L. |date=August 15, 2004 |title=A New Legal Chapter for a 90's Flameout |url=http://www.nytimes.com/2004/08/15/business/a-new-legal-chapter-for-a-90-s-flameout.html |url-status=live |work=[[The New York Times]]|archive-url=https://web.archive.org/web/20150528035429/http://www.nytimes.com/2004/08/15/business/a-new-legal-chapter-for-a-90-s-flameout.html |archive-date=2015-05-28 }}</ref><ref name="bankruptcy">{{cite news | url=https://www.washingtonpost.com/archive/business/2002/01/29/global-crossing-files-for-bankruptcy/fffcad1b-f522-479a-a9d4-659e74165b05/ | title=Global Crossing Files for Bankruptcy | first=Christopher | last=Stern | newspaper=[[The Washington Post]] | date=January 29, 2002 | access-date=May 5, 2018 | archive-date=May 5, 2018 | archive-url=https://web.archive.org/web/20180505205208/https://www.washingtonpost.com/archive/business/2002/01/29/global-crossing-files-for-bankruptcy/fffcad1b-f522-479a-a9d4-659e74165b05/ | url-status=live }}</ref> In 2002, the company filed for one of the largest bankruptcies in history and its executives were accused of covering up an [[accounting scandal]].<ref name=324m/> On October 3, 2011, Global Crossing was acquired by [[Level 3 Communications]] for $3 billion, including the assumption of $1.1 billion in debt.<ref name="level3">{{cite press release | url=https://www.prnewswire.com/news-releases/level-3-completes-acquisition-of-global-crossing-131036448.html | title=Level 3 Completes Acquisition of Global Crossing | publisher=[[PR Newswire]] | date=October 4, 2011 | access-date=May 5, 2018 | archive-date=May 5, 2018 | archive-url=https://web.archive.org/web/20180505210637/https://www.prnewswire.com/news-releases/level-3-completes-acquisition-of-global-crossing-131036448.html | url-status=live }}</ref>