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Keyword: globalcrossingbid

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  • Judge Refuses to Hear IDT's Global Crossing Bid

    02/27/2003 3:25:54 PM PST · by Pro-Bush · 11 replies · 230+ views
    Reuters ^ | Feb 27, 2003 | By Siobhan Kennedy
    Judge Refuses to Hear IDT's Global Crossing Bid 1 hour, 2 minutes ago By Siobhan Kennedy NEW YORK (Reuters) - A U.S. federal judge has dismissed attempts by telephone service provider IDT Corp. to scuttle the sale of bankrupt Global Crossing Ltd's assets to two Asian investors. IDT, citing a threat to U.S national security, on Monday said it would mount a rival $255 million to acquire Global Crossing's high-speed network, seeking to edge out a rival bid by Hong Kong's Hutchison Whampoa Ltd and Singapore Technologies Telemedia Pte. But in a court hearing Wednesday, Judge Robert Gerber, of the...