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Location PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 8: THE SHIELD OF SCREWTAPE The Naughty Bill

"The telecom bust featured substantial industry overcapacity, falling prices, heavy debt, and the bankruptcy of Global Crossing."

GAO records industry-wide overcapacity and declining telecommunications prices alongside Global Crossing's weak cash flow, unmanageable debt, exhausted access to capital, and Chapter 11 bankruptcy.

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Source title Global Crossing Telecommunications, Inc.
Source authors U.S. Government Accountability Office
Source year 2002
Confidence high
Importance high
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