Global Crossing Back in the Colo Biz?

Telecom Rumblings on the "new" kid in the colo business...

>>So they really meant it… In late 2007 and early 2008, Global Crossing said they were going to leverage Impsat’s hosting and colocation business in an expansion to Europe, and today’s PR suggests they are having some success.

So what possessed Global Crossing to re-enter this deadly game? Well, obviously they must have noticed that colocation and hosting are growing like gangbusters lately - I mean who hasn’t? They are entering the market rather cautiously but also inexpensively, pulling unutilized real estate out of their restructuring reserves and putting it to use.