Global Crossing announces results for first half of 2002

摘要

OPERATING RESULTS (excluding Asia Global Crossing) Consolidated recurring service revenues for the first half of 2002 reached nearly $1,464 million versus a target of $1,436 million, while operating expenses for the first half totaled $533 million versus a target of $539 million. Global Crossing ended the first half with $857 million in its bank accounts, reflecting an aggregate cash burn of only $115 million since the end of January 2002, when cash in bank accounts totaled $972 million.