SPOTLIGHT: Global Crossing going shopping

Running cash positive these days, Global Crossing is now on the hunt for possible mergers and acquisitions to get bigger.

Global Crossing head John Legere says he expects a new wave of consolidation in the next year and a half and that the company has "been in talks with everyone."  After its flameout, the company rebuilt its customer base from telecommunications carriers to corporate customers and IP networks.

Legere sees opportunity and growth in the current economic downturn, as businesses look to cut telecom costs.

For more:
- Wall Street Journal reports on Global Crossing's itch to make a deal.

Related articles
Global Crossing weighs U.K. unit sale - FierceTelecom
Global Crossing Grows Latin America - FierceVoIP