Global Crossing was purchased in 2003, since acquisition they
made losses every year, each year it's "like" capital injection of
US$300 million to sustain the company.
http://politics.sgforums.com/forums/10/topics/235957
The current first quarters 2009, they made a loss of US$59
million, looks like they have to maintain the losses in order not
to disappoint the market. 
Goes with rule #1 of accounting my lecturers taught me. A
company won't go bankrupt even if they make losses year after year
for decades, provided there is a dumb stock holder behind who is
willing to pump in more money to make good the losses.
