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Global Crossing Q1 loss widens

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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