Message-ID: <1648245.1075852656540.JavaMail.evans@thyme> Date: Mon, 11 Jun 2001 12:05:21 -0700 (PDT) From: stewart.seeligson@enron.com To: jeff.skilling@enron.com Subject: Cc: sherri.sera@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: sherri.sera@enron.com X-From: Seeligson, Stewart X-To: Skilling, Jeff X-cc: Sera, Sherri X-bcc: X-Folder: \JSKILLIN (Non-Privileged)\Deleted Items X-Origin: Skilling-J X-FileName: JSKILLIN (Non-Privileged).pst Jeff: Attached find a term sheet that we are ready to send to Global Crossing. As you know my team has been negotiating a deal for the sale of our dark fiber assets for cash and an obligation on the part of EBS to buy future services at market from the counterparty. I am far down the road with Qwest, lagging with Level 3 and Global Crossing. The terms proposed here for Global Crossing would upgrade their previous bid from "not even close" to "very competitive" but would still not guarantee a deal. Global Crossing has some tough challenges (credit) that some others don't. Call if you would like to discuss. Stewart 713 345-8989