Global Crossing’s Loss Narrows to $107 Million
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From Bloomberg News
Global Crossing Ltd., which runs a high-speed fiber-optic network for sending calls and data, said its first-quarter loss narrowed to $107 million as costs to connect calls declined.
The company had a loss of $109 million a year earlier. It didn’t provide per-share figures for either period. Sales declined 21% to $526 million, Bermuda-based Global Crossing said.
Global Crossing is shifting focus in an effort to win more contracts to handle services for big companies.
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