We don't hear as much nowadays from glbc, as we await the completion of the company's purchase by Level 3 Communications (NYSE:LVLT, news, filings). But this morning they announced an important deal with the Russian equivalent of Facebook, VK or VKontakte. VK has 150M users across the Russian-speaking world, with substantial bandwidth needs.
Global Crossing will be supplying them with 10Gbps IP Transit ports in both Helsinki and Stockholm, as well as multiple 10G waves among VK's other European and US sites. That's a big win for the company's continental European business, which has not traditionally been its strongest area. They have, however, been expanding eastward over the past few years just as every other major European backbone has.
VK's choice to use Global Crossing's bandwidth reflects the company's global IP presence, which makes it a good choice for raw international connectivity to complement its main domestic bandwidth needs.