Global Crossing stock debuts on NASDAQ national market
Global Crossing kicked off 2004 with an announcement that its new common stock had started trading on the NASDAQ National Market on 22 January 2004, under the ticker symbol GLBC. Prior to its NASDAQ debut, Global Crossing’s stock had been trading in the over-the-counter market under the symbol GLBCF in December 2003.
Global Crossing’s Chief Executive Officer John Legere commented that the NASDAQ listing was a key milestone and should enhance the company’s stock liquidity. The company has maintained a revenue base of nearly US$3 billion and owns a network spanning 5 continents, 50 countries and 500 cities. This clearly differentiates its capabilities from that of its competitors and gives the company a firm footing to pursue future growth. With an advanced suite of data and IP based products and services, Global Crossing will execute a new streamlined business operating model by focusing on growing its customer base, increasing penetration across commercial market segments and strengthening its traditional carrier business.