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Global Crossing Buys 49 Percent of Chinese Cable Company
Published by: jack 2008-11-20
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.

24/7 Wall St.:::
Putting a cable company with a daily newspaper is like crossing a chicken with a .. GM Asia-Pacific adjusted earnings before tax increased by 49 percent,
http://www.247wallst.com/2008/04/index.html
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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.html
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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.doc
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"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.html
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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.php
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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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