- Consolidated revenue grew 19 percent year over year to $547 million.
- Sales order volume for “invest and grow” hit all time high of $4.8 million in May.
- Adjusted cash EBITDA improved to $8 million in the second quarter.
- Company’s cost-cutting initiatives expected to yield close to $40 million per annum savings.
Global Crossing has announced their Q4 2006 and full year 2006 financial results.
Management has scheduled a conference call for Thursday, April 19, 2007, at 9:00 a.m. EDT/2:00 p.m. BST to discuss GCUK’s financial results. The call may be accessed by dialing +1 212 346 6553 or +44 (0) 870 001 3140. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT start time. The call will also be Webcast at investors.globalcrossing.com/results.cfm.
A replay of the call will be available on Thursday, April 19, 2007, beginning at 11:00 a.m. EDT/4:00 p.m. BST and will be accessible until Thursday, April 26, 2007, at 11:00 a.m. EDT/4:00 p.m. BST. To access the replay, dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21336317. UK callers may access the replay by dialing +44 (0) 870 000 3081 or 0800 692 0831 and entering reservation number 21336317.
On Paul Kouroupa’s blog he explains his view (and Global Crossing’s view) of the Missoula Plan.
Here a brief quote from his blog:
I can’t speak as to why the other carriers supported this plan, but I can say that it is worthy of support, if for no other reason than this is the only comprehensive plan that delivers positive reform of a broken system. There are no other viable options. The industry cannot afford another five years of debate. It is time to embrace the Missoula Plan for what it is and accept the incremental improvement in the situation. Once rate unification is achieved, the rest becomes manageable and hopefully the Missoula Plan is accompanied by further reform of the universal service system.
Read the rest of his view on the Missoula plan here
Some other posts about the Missoula Plan