Global Crossing Makes Buy.Global Crossing Ltd. agreed to buy two New York-based communications companies for $3.8 billion in stock in a deal that gives Global Crossing's burgeoning fiber-optic network a solid base of blue-chip customers in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. The purchase of IPC (1) (InterProcess Communication) The exchange of data between one program and another either within the same computer or over a network. It implies a protocol that guarantees a response to a request. Communications and subsidiary IXnet is part of Global Crossing's push to flood its newly constructed network with customer traffic. IXnet dominates the market for providing investment and commercial banks, traders and other financial services firms with communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry for video, market data and news. Officials with Global Crossing, which has executive offices in Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , said the financial services industry spends about $30 billion a year on specialty communications services. |
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