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IN BRIEF / TELECOM

Global Crossing Seeks OK for Settlement

September 18, 2002|Bloomberg News

Global Crossing Ltd. is seeking court approval to pay $113.5 million to Lucent Technologies Inc., Nortel Networks Corp. and other suppliers owed $497 million by the fiber-optic network operator.

The companies, which include Juniper Networks Inc. and a unit of Alcatel, are owed for products and services, court documents show.

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