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Global Crossing (Nearly) Sold To Singapore

Posted by timothy on from the true-to-the-name dept.

sQuEeDeN writes "According to money.cnn.com, the sale of Global Crossing to STT (Singapore Technologies Telemedia) has been permitted by the administration. There originally were concerns about this sale by the DoD/ DOHS but, by what I assume to be much behind-the-scenes negotiating, such concerns have been alleviated. Ultimately this shouldn't [knock] matter much but it's always interesting to see where your bandwidth comes from. We'll see what it means for the U.S. to have it's global bandwidth be owned by, well, someone else."

2 of 179 comments (clear)

  1. This could be a good thing... by Dimensio · · Score: 4, Funny

    Global Crossing is a notorious spam-haven. Perhaps, if it goes to Singapore, that will change for the better with spammers being sentenced to canings.

    --
    STOP MISUSING APOSTROPHES, YOU MORONS!!!
  2. Approval terms by Waffle+Iron · · Score: 4, Funny
    There originally were concerns about this sale by the DoD/ DOHS but, by what I assume to be much behind-the-scenes negotiating, such concerns have been alleviated.

    Here are the ammended contract terms finally approved by DoD/DOHS:

    Cable Maintenence: Purchaser acknowledges that the communications system comprises many thousands of miles of optical fiber, and that this fiber will require periodic maintenence.

    ADDENDUM: Purchaser's employees may from time to time encounter a splice in said optical fiber. These splices may occasionally connect to black boxes and/or satellite dishes, or other equipment or devices. Purchaser acknowledges that such equipment or devices are NOT included in this transaction and are NOT the property of the purchaser. Purchaser agrees that UNDER NO CIRCUMSTANCES ARE THE PURCHASERS EMPLOYEES TO DISTURB, DISABLE, INTERFERE WITH OR DISCLOSE THESE DEVICES TO ANY PARTY. Purchaser's employees will at all times ignore these devices and deny their existence to any party that may inquire about such devices. If purchaser violates the terms of this clause, purchaser acknowledges that the entire communications network may be vaporized by a controlling third party without notice and without any compensation to the purchaser, and the security deposit will not be refunded.