Global Crossing connects Caracas, Venezuela to global fiber optic network

June 12, 2001
June 12, 2001--Global Crossing Ltd. announced it has connected Caracas, Venezuela to its worldwide fiber optic network and is offering bandwidth and telecommunications services to carriers and multinational corporations in the country.

Global Crossing Ltd. (NYSE: GX) announced it has connected Caracas, Venezuela to its worldwide fiber optic network and is offering bandwidth and telecommunications services to carriers and multinational corporations in the country. The company is already operational in major telecommunications markets in the region, including Mexico, Argentina, Brazil, Chile and Panama.

Global Crossing has invested more than $2 billion dollars in building and operating its fiber optic network in Latin America, of which roughly $70 million is being utilized on current capital expenditures for Venezuela.

Global Crossing's terrestrial network in Venezuela spans more than 147 kilometers and connects to the company's extensive subsea and terrestrial fiber optic network in the Americas, Europe and Asia, enabling connectivity at light speed for carriers and multinational business customers. From its cable landing station in Puerto Viejo, the Global Crossing network travels terrestrially to a secure telehouse in the capital city of Caracas, where customers can access the network and interconnect to local loop providers.

Since it began offering telecom services in Latin America and the Caribbean in early 2000, the company has grown its client roster significantly, adding such industry leaders as AT&T Latin America Corp., Impsat Fiber Networks, Lockheed Martin Global Telecommunications, Cable Onda, Centennial Communications, Techtel and others. Global Crossing received its operational license in Venezuela from La Comision Nacional de Telecomunicaciones (Conatel) in March 2001.

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.

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