Global Reconsiders Hutchison’s Role

Global Crossing Ltd. has told federal regulators that it is considering an arrangement to limit Hutchison Whampoa Ltd.’s role in the company, according to a letter filed with the Federal Communications Commission.

This is the first time the company has acknowledged publicly that it was working to restructure the deal to appease U.S. national security officials. Hutchison may become a silent partner, but Global said it would not materially change the deal.

Hutchison and Singapore Technologies Telemedia have agreed to acquire a 61.5% stake in Global Crossing, but national security officials have raised concerns about Hutchison’s role in the company because of its ties to China.