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Global Crossing Receives Fourth Frost & Sullivan Award in Two Years
[August 31, 2005]

Global Crossing Receives Fourth Frost & Sullivan Award in Two Years


By TED GLANZER
TMCnet Communications and Broadband Columnist
 
Global consulting company Frost & Sullivan announced in a news release today that it has again recognized all-IP telecommunications service provider Global Crossing, this time with its "2005 Growth Strategy Leadership Award."


 
Global Crossing received the award for its "focused business strategy and precise execution . . . on improving margins and realizing growth opportunities."

 
Included in this strategy, which the company released in October 2004, are the following three principles:
 
• "Invest and Grow" core lines of business, including enterprise, collaboration, indirect channels and carrier data.
 
• "Manage for margin" areas of business, such as wholesale voice, which the company selectively manages for margin and cash flow.
 
• "Harvest or exit" those areas of the business that Global Crossing will exit or de-emphasize, including its Small Business Group and Trader Voice units, both of which we sold in the first half of the year.
 
"Global Crossing's success in the execution of its strategy demonstrates the importance of a finely tuned, focused plan for carving out a strong competitive position in the industry," Frost & Sullivan analyst Lucy Liu said.  "Global Crossing's innovation in converged IP services, expansion into the global enterprise market and improving financials are all proof that the company is building momentum and creating a solid foundation for future success."
 
In selecting Global Crossing for this award, Frost & Sullivan "highlighted" the company's cutting-edge IP services, which has its roots in the deployment of the first worldwide global MPLS-based network in 2001.
 
"The company has been in the forefront of Voice over Internet Protocol (VoIP) innovation, and today transports more than two billion minutes of traffic per month across its global VoIP network," the release states.
 
This marks the fourth time in two years that Global Crossing has been recognized by Frost & Sullivan.  Indeed, Global Crossing received Frost & Sullivan's 2005 award for "Production Differentiation Innovation" for its iVideoconferencing Service, the 2005 "Innovation and Advancement Award," and the 2004 award for "Best New Videoconferencing Service."
 
Considering that Global Crossing filed for Chapter 11 bankruptcy protection in 2002 (from which it emerged in 2003), the significance of the award was not lost on company officials.
 
"This award, backed solid financial results achieved over the last three quarters, validates our current strategy and shows we are determined to succeed in a rapidly changing marketplace," Global Crossing CEO John Legere said.
 
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Ted Glanzer is assistant editor for TMCnet. For more articles by Ted Glanzer, please visit:
 
 

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