Global Crossing takes Manhattan

Jan. 1, 1999
Global Crossing Ltd. (Hamilton, Bermuda) announced that it has acquired 96 strands of fiber throughout the New York area through an agreement with Telergy Inc. (Syracuse, NY), a provider of integrated communication services in New York state and the northeastern U. S. The agreement provides Global Crossing with an ownership position in Telergy and representation on Telergy's board of directors.

Global Crossing Ltd. (Hamilton, Bermuda) announced that it has acquired 96 strands of fiber throughout the New York area through an agreement with Telergy Inc. (Syracuse, NY), a provider of integrated communication services in New York state and the northeastern U. S. The agreement provides Global Crossing with an ownership position in Telergy and representation on Telergy's board of directors.

The agreement extends Global Crossing's network throughout metropolitan New York City. Telergy's 100-mile New York City network, which is currently being built, includes 40 miles in Manhattan alone, and rights of way to connect to 1 million homes and buildings. New York marks the first of 10 city networks that Global Crossing hopes to incorporate into its network by the end of 2000.

--Edited by Susan Fogarty

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