BY CHRONICLE STAFF
Global Crossing, already a major provider of IP services in Latin America, will expand its busines further after the $336 million acquisition of Argentina-based Impsat.
"Impsat’s extensive IP-based intercity network, 15 metropolitan networks and 15 advanced hosting centers will provide a greater breadth of services and coverage to Global Crossing’s Latin American operations," US-based Global Crossing said in a statement Thursday.
Impsat reported net revenues of $69.4 million in the second quarter, an increase of 13.0 percent over the same period last year. Impsat will add more than 4,500 customers in Latin America as well as a local presence in the top seven South American economies, Global Crossing says.
Latin America is already the fastest-growing market for Global Crossing. Carrier data...