Primus, Global Crossing announce reciprocal fiber/satellite purchase agreement

17 Jun 2002

Primus Telecommunications Group (McLean, Virginia) and the Global Crossing Holdings Ltd. subsidiary of Global Crossing, Ltd. (Hamilton, Bermuda) have signed a reciprocal capacity purchase agreement. Primus will purchase up to $50 million of fiber capacity from Global Crossing's fiber network while Global will purchase up to $25 million of services on Primus' global broadband satellite network which covers areas where fiber is not feasible.