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Global Crossing Joins MEF
Will promote alignment between emerging industry standards and the company's suite of Ethernet Services.
Florham Park, N.J. - August 28, 2008 -- Global Crossing (NASDAQ: GLBC), a leading global IP solutions provider, today announced it has become a member of the Metro Ethernet Forum (MEF). The MEF is a global industry alliance comprising more than 150 organizations including telecommunications service providers, cable operators, multi-service operators (MSOs), network equipment and test vendors, software manufacturers, semiconductors vendors and testing organizations. Its mission is to accelerate the worldwide adoption of Carrier-class Ethernet networks and services by developing technical specifications and implementation agreements to promote interoperability and deployment of Carrier Ethernet worldwide.
IDC predicts the market for U.S. Carrier Ethernet services will grow to $6 billion in 2012 with a compound annual growth rate (CAGR) of 36 percent from 2007 to 2012.
"By actively participating in the decision-making processes of the MEF, Global Crossing can influence the implementation of emerging standards and promote alignment with the company's suite of Ethernet Services - both existing and new," said Gary Breauninger, Global Crossing's chief marketing officer. "By working to build consensus among service providers, equipment vendors and end customers, we can facilitate the delivery of Ethernet services and further the exciting evolution of Carrier Ethernet-based core, metro and access networks."
"We are pleased to have Global Crossing join the MEF membership ranks," said Nan Chen, MEF president. "Critical to the MEF's success to date has been the outstanding participation from our growing stable of global service provider members. We look forward to substantial contributions from the Global Crossing team as we continue to embark on important initiatives that enable the growth of Carrier Ethernet globally."
Global Crossing's current Ethernet services include Global Crossing Ethersphere™ for Point-to-Multipoint and Multipoint-to-Multipoint applications; Global Crossing Etherline™ for Point-to-Point applications; and Global Crossing EtherWave(sm) for point-to-point connectivity over a fiber-optic network using Dense Wavelength Division Multiplexing (DWDM) at 10 Gigabits per second (10 Gbps). Global Crossing also offers Ethernet Access Services for seamless end-to-end Ethernet connectivity. Other services are in development.
"The U.S. market for Carrier Ethernet services is growing dramatically," said Boyd Chastant, research director for Advanced Network Services at IDC. "Ethernet is increasingly used by customers to connect new sites and support new applications and initiatives. Ethernet is displacing legacy services such as private line, frame relay and ATM. As an access solution, it is also enabling VPN and DIA services."
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 400 cities in more than 45 countries worldwide, and delivers services to more than 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.
Please visit www.globalcrossing.com or blogs.globalcrossing.com for more information about Global Crossing.
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Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.
CONTACT GLOBAL CROSSING:
Press Contacts
Tom Topalian
+ 1 973 937 0154
PR@globalcrossing.com
Fernanda Marques
Latin America
+ 55 11 3957 2042
fernanda.marques@globalcrossing.com
Analysts/Investors Contact
Suzanne Lipton
+ 1 800 836 0342
glbc@globalcrossing.com
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