Global Crossing DefinitionInvestopedia Headlines • over 2 years ago---
- Global Crossing was a multinational telecommunications provider that was acquired
by Level 3 Communications in Oct. 2011. Prior to its acquisition by Level 3 Communications,
Global Crossing attracted widespread media attention after filing for bankruptcy
in Jan. 2002. This bankruptcy occurred amidst an accounting scandal in which it
had allegedly inflated its reported earnings figures.