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Global Crossing history
Global Crossing company history timeline
An Independently Owned Subsea Cable: 1997
In April 1998, John M. Scanlon left Motorola Inc.'s cellular division to become CEO of Global Crossing, while Lodwrick Cook and Winnick became co-chairmen.
The company reported it had generated $1 billion in contract sales during 1998, although most of that ($634 million) would be realized over the next three years.
1998: Atlantic Crossing begins commercial service; Global Crossing goes public.
Winnick's first windfall came in June 1999, after U S West, a regional Bell company had agreed to be acquired by Global Crossing.
Fighting a Consortium and Selling Capacity: 1999
Robert Annunziata became chief executive in 1999 and lasted only a year, but his employment contract indicates that it was a lucrative stint.
As the company sought to raise additional money in April 2000 through a secondary stock offering, Mr.
Despite relatively meager revenue, the stock catapulted to more than $60 a share and to a market value of nearly $50 billion by early 2000.
Tough to see first IPO of 2003
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Global Crossing competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Cable & Wireless Communications | 2010 | $1.8B | 7,200 | - |
| Convergent Communications | 2006 | $1.2M | 30 | - |
| Intermedia Communications, Inc. | 1987 | $110.0M | 225 | 26 |
| iBASIS | 1996 | $1.2B | 420 | - |
| ANPI | 1996 | $65.6M | 133 | - |
| Meru Networks | 2002 | $90.9M | 350 | - |
| Numerex | 1988 | $63.2M | 375 | - |
| Newnet Communication Technologies | 1989 | $670,000 | 50 | - |
| Mblox | 1999 | $126.0M | 200 | - |
| ICG Communications | 1986 | $500.0M | 1,146 | - |
Global Crossing history FAQs
Zippia gives an in-depth look into the details of Global Crossing, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Global Crossing. The employee data is based on information from people who have self-reported their past or current employments at Global Crossing. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Global Crossing. The data presented on this page does not represent the view of Global Crossing and its employees or that of Zippia.
Global Crossing may also be known as or be related to Global Crossing.