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Press Release

1998 PRESS RELEASES

Global Crossing's news releases are archived on this Web site for historical purposes. While the information in the releases was accurate at the time of release, information regarding the matters discussed in the releases, including material information, changes over time. Information in a release may, therefore, no longer be accurate or in effect after the date of the release, and Global Crossing undertakes no duty to update such information.

November 24, 1998
Global Crossing Secures German Rights-of-Way and Conduits for Pan European Crossing System

November 24, 1998
Global Crossing Offering of Preferred Stock

November 23, 1998
Global Crossing Launches $250 Million Preferred Stock Offering

November 16, 1998
Global Crossing Announces $100 Million Sale of Dark Fiber to Cable &: Wireless on Pan European Crossing

October 29, 1998
Global Crossing and Versatel Telecom Announce European Network Agreement

October 27, 1998
Global Crossing Ltd. Announces Contract Sales 28 Percent Above Second Quarter

October 14, 1998
Level 3 Communications Purchases Capacity on the Global Crossing Network

October 1, 1998
Global Crossing Announces Pan European Crossing

October 1, 1998
Global Crossing Ltd. Pan European Crossing Fact Sheet

September 15, 1998
Global Crossing Names Thomas J. Casey as Managing Director

September 9, 1998
Global Crossing Announces Second Agreement With Deutsche Telekom for Atlantic Capacity

September 2, 1998
Global Crossing to Expand Transatlantic Capacity Ahead of Schedule

August 14, 1998
Global Crossing Completes $399 Million Initial Public Offering September 1998

July 15, 1998
Global Crossing Names James C. Gorton General Counsel

July 6, 1998
Corporation to be First Asian Customer on Global Crossing High Capacity Undersea Fiber-optic Network Between U.S. and Japan

June 1, 1998
Global Crossing Names Jack Finlayson Senior Vice President

May 28, 1998
Global Crossing to Commence Construction of Fourth Segment of Planned Worldwide Network - Pan American Fiber-optic Cable

May 26, 1998
Global Crossing Initiates First Segment of Planned Worldwide Network - Transatlantic Fiber-optic Cable

May 11, 1998
Global Crossing, Marubeni, KDD-SCS Complete Financing for First High Capacity Undersea Fiber-optic Network Between U.S. and Japan

April 7, 1998
Qwest and Global Crossing to Swap Transatlantic High Capacity Fiber Between U.S. Cities and Europe

April 1, 1998
Global Crossing Names Jack Scanlon Chief Executive Officer

March 24, 1998
Teleglobe Purchases Capacity on Global Crossing AC-1 Network

March 19, 1998
Global Crossing LTD. to Hold International Telecommunications Conference in Barcelona Starting April 6

February 26, 1998
Four Companies Form Venture to Build Subsea Fiber Optic Cable System Across Pacific Linking U.S. and Japan

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