has driven first quarter revenues to $178 million for the period ended March 31.

The start up global telecommunications company didn't have any revenues in the first quarter of last year. In the first quarter of the current financial year the company declared net loss of $15 million.

The company also announced it had speeded up the building of its Pacific Crossing fibre optic cable connecting the US to Japan.

Chief executive officer Bob Annunziata said the purchase of Frontier Corp. is expected to be completed in the third quarter adding 120 US cities to the company's global network.

Global Crossing this week also announced the agreement to acquire the global marine cable installation and maintenance business of Cable & Wireless Plc for $885 million.