Global Crossing posts higher revenue, net loss

Global Crossing reported a rise in revenue of about 27% in the third quarter, coming in large part from the carrier's stronger focus on IP enterprise services. Global Crossing still swung to a net loss of about $89 million, worse than a net loss of $51 million for the same quarter last year, but analysts seemed somewhat impressed with the carrier's ability to execute in the enterprise despite being a late-comer in that market.

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