The company, which is owned by now-bankrupt Global Crossing Ltd and counts Japan's Softbank and Microsoft Corp. (NasdaqNM:MSFT - news) as major shareholders, said its earnings release originally scheduled for Feb. 19 had been postponed until Feb. 26.
The company, in its statement from Hong Kong which was released in the United States, did not give a reason for the delay of its statement.
Global Crossing is the target of a Securities and Exchange Commission investigation into its accounting practice and is also the target of class action suits by investors. The FBI has also said it is investigating the company, which filed for bankruptcy protection in January.
Thu Feb 14, 7:04 PM ET Global Crossing Attracts Congress Amid Enron Probe - WASHINGTON (Reuters) - Accounting practices at bankrupt telecommunications company Global Crossing are drawing attention from congressional investigators even as probes of Enron Corp.'s collapse continue, lawmakers' aides said on Thursday. "We have begun the early stages of gathering the facts on the Global Crossing bankruptcy," said Ken Johnson, spokesman for House Energy and Commerce Committee Chairman Billy Tauzin, a Louisiana Republican.