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Home > Company Index > Telecommunications > Miscellaneous Services to Communication Providers > GlobalNet, Inc.

GlobalNet, Inc.
Nasdaq (SC): GBNE
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 PROFILE
The name is GlobalNet, but the operations are mainly in Latin America. GlobalNet allows Latin American telecommunications service providers to transport voice, data, and Internet services over a private Internet Protocol (IP) network. The company has facilities in Mexico and the US, but it carries traffic to 240 countries through arrangements with affiliates. The company plans to build 15 IP service centers in 13 countries to serve as distribution nodes. It has proprietary software that provides data services for telecommunications providers. GlobalNet has expanded into Eastern Europe through a joint venture with Ukrainian telecom provider Intelcom. CEO Robert Donahue owns 26% of the company.

 COMPETITION
BellSouth Corporation -- Latin America Group (dossier)
Telefónica, S.A. (TEF)
Teléfonos de México, S.A. de C.V. (TFONY)

 DEALS
Deal: GlobalNet Raises Funds
Date Announced: 04.10.01
Value of transaction (US $Mil): 6
Description: Voice and data services provider receives $6 million from previous investor.

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 78.10
1-Yr. Sales Growth: 204.9%
Employees: 27
Revenue per employee: $2,892,592.59

 KEY PEOPLE
• Robert J. Donahue
    CEO
• Pere Valles
    CFO

 CONTACT INFO
1919 Highland Ave., Ste. 125D
Lombard, IL 60148
US
Phone: 630-652-1300
Fax: 630-652-1320
Online: Web Site

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