Global Crossing and XO Communications sign service agreements

9 January 2004 Florham Park, NJ and Reston, VA Lightwave -- Global Crossing and XO Communications, Inc. signed a pair of commercial agreements. The deals will enable Global Crossing to benefit from XO's alternative local and metro access facilities, while XO Communications will take advantage of Global Crossing's network capabilities.

9 January 2004 Florham Park, NJ and Reston, VA Lightwave -- Global Crossing and XO Communications, Inc. signed a pair of commercial agreements. The deals will enable Global Crossing to benefit from XO's alternative local and metro access facilities, while XO Communications will take advantage of Global Crossing's network capabilities.

In the first agreement, XO Communications, a national broadband telecommunications services provider, agreed to purchase from Global Crossing voice termination and private-line termination services for a guaranteed minimum of $50 million over the next five years. The agreement contains provisions for Global Crossing to sell up to an additional $50 million in services to XO Communications. The new agreement amends the scope of a previous agreement for private-line services between the two companies.

In a separate deal, Global Crossing and XO Communications have amended the scope of another existing agreement for the purchase of local access and private-line data services. Under the revised agreement, Global Crossing will purchase a guaranteed minimum of $70 million in services from XO Communications over the next five years. The revised agreement is structured to facilitate the purchase of additional services over and above the committed amount during the term of the agreement.

"These two agreements effectively leverage the synergies between our companies to benefit customers and boost our strong competitive positioning," said John Legere, CEO of Global Crossing. "XO recognizes the outstanding quality and performance capabilities of our global network. Simultaneously, the access services provided by XO enable us to recognize substantial costs savings in excess of 40 percent, and to streamline and optimize our access delivery, further enhancing our ability to provide a top-of-the-line customer experience."

"We're pleased to enter such mutually beneficial commercial arrangements with Global Crossing," said Carl Grivner, CEO of XO Communications. "Global Crossing appreciates that XO offers an unmatched combination of high quality services, complementary network solutions and overall value. This is a win-win for XO and Global Crossing."

The network services agreements became effective upon Global Crossing's emergence from Chapter 11.

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