Global Crossing: 2009 saw VoIP investment

VoIP services provider Global Crossing announced its 4Q revenue this week showing a consolidated revenue of $651 million in the last quarter of 2009. That number was up 1 percent both sequentially and year over year. While the company discussed a number of facets of its business in its earnings call, we are here for the Voice and VoIP side of things. Global Crossing's wholesale voice business generated revenue of $93 million in Q4, a 4 percent increase sequentially, but a 7 percent decline year over year. While voice was down year over year, the service provider sees its network as a strong point.

"Unified communications and cloud computing promise to drive increased use of networks and applications giving us the opportunity to leverage our global IP network and data center infrastructure," said John Legere, CEO of Global Crossing in the earnings call.

2009 saw investment into their VoIP network and services and the plan is to continue this into 2010. "We continued to expand our suite of VoIP services. We expanded the reach of our VoIP local service and made it easier for enterprises to implement a unifying communications platforms. We significantly expanded capacity on our undersea fiber optic cable systems and IP core network both to meet growing demand for converged services," said Legere.

For more:
- see SeekingAlpha's transcript of the earnings call
- see the release

Related articles
Global Crossing expands VoIP Local Service offering
Global Crossing Grows Latin America
Tellme improves call center automation, adds Global Crossing VoIP