Hector R. Alonso, managing director of Latin America for Global Crossing, talks to Latin Business Chronicle about the inegration of Impsat and the 2007 results so far.
BY CHRONICLE STAFF
This week, Global Crossing will conduct a conference call to discuss GC Impsats financial results for the second quarter of 2007. The September 21 call will feature Hector Alonso, managing director of Global Crossing Latin America and GC Impsat CFO Jean Mandeville. GC Impsats revenues in the quarter ending June 30 were $50 million. The company posted a loss of $10 million. This is the first quarterly result presented by the new entity - the result of the $347 million Global Crossing acquisition of Argentina-based Impsat. The acquisition - announced in October last year - was completed in May this year. Latin Business Chronicle talked with Alonso about the results so far and the companys outlook.
Latin Business Chronicle: How happy are you with the Latin America results in the first half of 2007?
Hector Alonso: We are extremely satisfied with the results of the first half of 2007. The acquisition has proven to be financially beneficial. The company maintains its original forecasts for Impsat of $270 million in revenue and $70...