Global Crossing and Telstar International sign $15 million agreement

Spet. 7, 2001--Telstar International, Inc. and Global Crossing Ltd. announced that Telstar has signed an agreement with Global Crossing's Carrier Services division worth a minimum of $15 million over two and a half years to route and terminate traffic via Global Crossing's domestic and international telecommunications network.

Telstar International, Inc. and Global Crossing Ltd. (NYSE: GX) announced that Telstar has signed an agreement with Global Crossing's Carrier Services division worth a minimum of $15 million over two and a half years to route and terminate traffic via Global Crossing's domestic and international telecommunications network. Telstar expects that based on its current traffic patterns, the contract may account for as much as $30 million over the course of its term.

The Telstar-Global Crossing agreement is the latest in Telstar's continuing initiative to increase gross margins on international traffic over the Company's network. Other initiatives include Telstar's deployment of its Pan-African Network Initiative, linking the PTTs of seven African nations with Telstar and each other. Other initiatives include deployment of VOIP networks on four continents and reciprocal traffic arrangements with more than 60 carriers worldwide.

About Telstar:

Telstar International, Inc. is a rapidly growing provider of enhanced telecommunications services, offering a broad range of wholesale and retail services worldwide. For more information, visit www.telstar-usa.com.

About Global Crossing:

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

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