CNBC Europe to distribute programming over Global Crossing's media & entertainment extranet

Global Crossing Ltd. (NYSE: GX) announced it has reached an agreement with CNBC Europe to provide a global digital broadband network for CNBC Europe's programming. Global Crossing will enable CNBC Europe to transmit MPEG video and embedded audio from its headquarters in Fort Lee, New Jersey to London and Asia over Global Crossing's fibre optic infrastructure that will have approximately 100,000 route miles and reach over 200 cities when complete.

Additional phases of the plan will include establishing connections between CNBC Europe's London hub and Singapore, Milan, Frankfurt, Paris, Tokyo, Australia and New Zealand.

Global Crossing's Media & Entertainment Extranet was recently launched specifically to provide a service and solutions offering for the broadcast, film and publishing industries, enabling industry participants to exchange digital content over a secure, high-speed broadband connection. The extranet will connect geographically dispersed media facilities via the broadband exchange of TV-quality video, CD-quality audio, live event broadcasting, feature films and commercial production and on-demand applications.

About CNBC:

CNBC is a global 24 hour broadcaster of live business and financial news and information, reporting directly from the major financial centers in Europe, the US and Asia.

About Global Crossing:

Global Crossing Ltd. (NYSE: GX) provides telecommunications solutions over the an integrated global IP-based network. For more information, visit www.globalcrossing.com or www.asiaglobalcrossing.com.