| Global Crossing
has acquired a 49 per cent share of S.B. Submarine Systems Company (SBSS)
from Great Eastern Telecommunications (GET), a joint venture of Cable
& Wireless and Hong Kong Telecom.
Global Crossing, which is building the world's most advanced global
IP-based fibre optic network, reached agreement with China
Telecommunications, the majority partner in SBSS to acquire the
stake.
Established in 1995, SBSS provides installation and maintenance of
submarine cable systems, operates two cableships and has berths and
a cable depot in Shanghai. It has annual revenue over $50 million.
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"We are delighted that China Telecom has agreed to continue this
relationship and allow Global Crossing to acquire the GET share
holding in SBSS," said William B. Carter, president of Global
Crossing Development Company and chairman of Global Marine Systems.
ATV Page:: Global Media In Force Limited (GlobalMIF), a Cable TV sales distributor, TV and 49 per cent of SLEC, the F1 holding company, equally owned by Bernie http://www.advanced-television.com/2001/2001_newsarchive/26March-2April.htmlHOME | Kim H:: File Format: Microsoft Word - View as HTMLIf it can buy up enough cable outlets, it could become the sole provider for . Until recently, Global Crossing was considered a serious company. http://www.mmi.unimaas.nl/people/Veltman/veltmanarticles/articles%20official/2002%20American%20Visions%20of%20the%20Internet.docHOME |
"When we at Global Crossing acquired Global Marine Systems earlier
this year, we were hopeful that we could sustain the relationship
and support of China Telecom. This agreement ensures that SBSS
will get the continued support in training and technology transfer
it needs to keep up with the dramatic growth in Asia's telecommunications
industry."
Ethel the Blog:: Hutchison Whampoa, the mammoth company that runs the Panama Canal and has close ties to the Chinese army, has a new rhinestone in its crown: Global Crossing http://stommel.tamu.edu/~baum/ethel/2002_08_11_ethel-archive.htmlHOME | Pulvermedia : Podcasts | March 2006 Archives:: Global Crossing's customer support model matches the network footprint, . and the focus of this segment was on the prospects for cable companies to offer http://podcasts.pulvermedia.com/blog/archives/2006/03/index.phpHOME |
Despite this divestment by Cable & Wireless, the UK remains
the sixth largest global investor in China, with investments
of $13 billion by the end of 1998. British companies are
involved in more than 2000 joint ventures with China.
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