Global Crossing has reported a first-quarter consolidated net loss applicable to common shareholders of US$120 million compared to a loss of US$59 million last year. On a year-over-year basis, net loss widened principally due to unfavourable foreign exchange impacts, an increase in interest expense and higher depreciation and amortization.
Consolidated revenue was US$648 million compared to US$609 million last year.
Source: RTT News
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