Struggling worldwide network operator Global Crossing claims that it is still signing up customers, despite its Chapter 11 filing and other recent concerns.
It also maintains that it has more than 60 parties interested in buying the company.
Global Crossing has been dogged with misfortune since filing for bankruptcy protection in January. Since then it has faced inquiries into its accounting practices by both the Securities and Exchange Commission and the FBI.
The company has also suffered the ignominy of seeing the confidential names of firms that had expressed an interest mistakenly shared among all its potential suitors.
But while its fate remains in the balance, Global Crossing said that it is still attracting new customers to the services it offers over its fibre-optic network which connects more than 200 cities around the world.
The operator claims to have signed about 475 new service agreements during the first quarter, although this includes renewals as well as new business.
Yesterday the company said it expects to report first-quarter revenue from continuing operations of about $788m, down from an estimated $804m in the fourth quarter.
Results for the year-ago quarter were not available due to the ongoing investigations.
Global Crossing already has a tentative deal to sell its assets to Hutchison Whampoa and Singapore Technologies Telemedia for $750m in cash, a figure some analysts dismiss as far too low.
The two potential buyers have until 21 May to revise their offer or submit a higher bid.
Other rival bids have to be in by 20 June. An auction is set to take place on 8 July, with the results expected to be confirmed on 11 July.
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