Global Crossing to invest in expanding capacity of data centers in Brazil, Colombia

Tuesday, March 22, 2011

IP and ethernet solutions provider Global Crossing (Nasdaq: GLBC) expects to invest to expand the capacity of data centers in Brazil and Colombia and other facilities throughout Latin America to meet increasing demand, company VP and chief marketing officer David Carey told BNamericas.

"We are seeing significant growth in demand for data center services across the region, including virtualization and cloud services," Carey said.

Company CFO John Kritzmacher said the contribution of Global Crossing's business in Latin America is in the low 20s of the company's overall revenues. "What we are seeing in Latin America is the progress we have made in the offering of value-added services to our customers," Kritzmacher added.

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Global Crossing operates in Latin American markets through its GC Impsat unit.

The unit generated revenues of US$154mn in Q4, compared with US$134mn in the year-ago quarter. GC Impsat posted a net profit of US$49mn in the period, compared with US$20mn in 4Q09. For full 2010, GC Impsat generated revenues of US$569mn, up from US$504mn in 2009.

Offering a range of data, voice and video products to some 700 carriers, mobile operators and ISPs, Global Crossing delivers services to more than 700 cities in over 70 countries.