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.
It had signed a letter of intent with Hutchison Whampoa with a restructuring of the company's balance sheet. This was what Global Crossing announced on January 28,2002. It had signed a letter of intent with 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. This was what Global Crossing announced on January 28,2002.