Global Crossing announced Wednesday that it will now offer telecom services tailored to carry audio, video and other forms of media content. The service runs on ATM (asynchronous transfer mode) technology, which is suited to carry data-heavy visual images. Global Crossing will target customers such as media and entertainment companies that want to digitally broadcast their programs to viewers, as well as government agencies and hospitals that need reliable transmission services for documents such as X-rays or maps.
Global Crossing announced last week that it filed for bankruptcy and accepted a $750 million cash investment from Hutchinson Whampoa and Singapore Technologies Telemedia in return for a joint majority stake in the company, which shut out existing shareholders from any ownership.