On January 28,2002, Global Crossing announced that it had signed a letter of intent with Hutchison Whampoa and ST Telemedia for a cash investment in a joint majority stake in the company's equity in connection with a restructuring of the company's balance sheet.
On January 28,2002, Global Crossing announced that it signed a letter of intent with Hutchison Whampoa Limited and Singapore Technologies Telemedia Pte. Ltd. (ST Telemedia) for a cash investment for a joint majority stake in the company's equity in connection with a restructuring of the company's balance sheet.