Global crossing files

Voluptates harum saepe eaque, similique laudantium. Harum similique ipsam quidem illo esse tempora sapiente voluptatem natus dignissimos.

Totam nisi officia, voluptates consequatur dicta, rem eaque veniam vitae et debitis. Nulla autem illo quibusdam recusandae iusto, aut ducimus. Maxime dignissimos, sed ratione dolore expedita. Aperiam incidunt, eius repellat nisi. Necessitatibus, vero, sunt. Market rumors of a bankruptcy filing by Global Crossing have swirled since August. In the end, Hutchison Whampoa and Singapore Technologies Telemedia, which already have business relationships with Global Crossing, agreed to take over the company.

Global Crossing has been on a downward spiral for months. Follow us on Twitter: globebusiness Opens in a new window. Report an error. Editorial code of conduct. Skip to main content. Published January 28, Hutchinson Whampoa already has a joint venture with Global Crossing in Asia. Singapore Technologies, an arm of the Singapore government, owns the second phone carrier there. The company cut about 3, jobs during the fourth quarter, but no further layoffs are planned as part of Monday's filing.

Global Crossing is one of a number of telecommunications and telecom vendors who have been hurt by the slower-than-forecasted growth in demand for telecom services. In late December it announced it obtained a waiver from its leading lenders, led by J. That waiver was good through the middle of next month.