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IPlan Networks Utilizes Global Crossing to Converge Data and Voice for Argentina's SMEs
- Global Crossing's IP Transit solutions to enable IPlan's international services for customers in Argentina
- Five-year agreement builds on IPlan's existing relationship with Global Crossing
Miami/Buenos Aires, Argentina - August 31, 2005 -- Global Crossing (NASDAQ: GLBC) announced today that IPlan Networks is utilizing Global Crossing IP Transit Service to converge voice and data services for its business customers in Argentina. IPlan Networks chose Global Crossing's wholly owned and operated, fully meshed IP MPLS based global network to consolidate services and costs, benefits which they can pass on to their customers. Having been a Global Crossing customer since 2003, IPlan cites a positive customer experience and Global Crossing's 99.999 percent network availability record as key reasons for selecting Global Crossing to handle their international traffic for the next five years. The pre-paid service agreement was signed in June.
"We had the choice of several providers, but we wanted to contract with the owners of this network. Furthermore, we have been extremely satisfied with Global Crossing's service offerings and network performance over the past year," said Armando Silberman, CEO, IPlan Networks. "Global Crossing IP Transit Service provides the quality and reach we need to service to our business customers' requirements."
With this agreement, IPlan was able to secure long-term, top quality, global IP services that enable them to meet their customers' growing demands. Global Crossing's Tier-1 IP backbone offers congestion-free, high performance IP Transit services that are highly scalable, reaching more than 500 cities in 50 countries around the world.
"Our agreement with IPlan shows our continuing role in Argentina and Latin America as a service provider of choice. Companies such as IPlan Networks depend on network reliability and true regional and global presence, and we deliver just that," said José Antonio Ríos, Global Crossing's international president. "We aim to be a true partner to our customers, providing support for their needs and customers."
Global Crossing's significant Latin American presence includes offices and operational facilities in 11 of the region's major cities. Through its sub-sea and terrestrial cable systems, Global Crossing seamlessly connects South America, Mexico, Central America and the Caribbean to the rest of its global network, delivering services to customers around the world.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities and 30 countries worldwide, and delivers services to more than 500 major cities, 50 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 managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Services and Global Crossing VoIP services, to more than 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs.
Please visit www.globalcrossing.com for more information about Global Crossing.
ABOUT IPLAN NETWORKS
IPlan Networks is the first broadband telecommunications company in Latin America to build a 100 percent IP fiber optic network. The company offers telephony, Internet, data center and data transmission services to leading telecommunications companies, SMEs, ISPs and other operators, at the best prices.
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Statements made in this press release that state the company's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. These statements contain words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "will," "seek," or similar expressions. Such statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements, including the conditioning of the company's continued listing on the NASDAQ National Market on its timely filing with the SEC of all periodic reports for all reporting periods ending on or prior to September 30, 2005; the company's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; legal and contractual restrictions on the payment of dividends and the inter-company transfer of funds by the company's subsidiaries, including restrictions under the senior secured notes indenture applicable to Global Crossing (UK) Telecommunications Limited ("GCUK"); the likelihood that the prices the company charges for its services will continue to decrease; the company's ability to continue to connect its network to incumbent carriers' networks or maintain Internet peering arrangements on favorable terms; the success of the company's business realignment plan and the realization of anticipated cost savings; the consequences of any inadvertent violation of the company's Network Security Agreement with the U.S. Government; the impact of actual and potential customers' bankruptcies on the company's sales prospects and results of operations; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; the impact on the company's competitiveness of its technology choices; the company's dependence on third parties for many functions; political, legal and other risks due to the company's substantial international operations; risks arising out of the company's material weaknesses in internal controls and possible difficulties and delays in improving such controls; the concentration of GCUK's revenue in a limited number of customers, and the rights of such customers to terminate their contracts or to simply cease purchasing services thereunder; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. The company undertakes no duty to update information contained in this press release or in other public disclosures at any time.
CONTACT GLOBAL CROSSING:
Press Contacts
Kendra Langlie
Latin America
+ 1 305 808 5912
LatAmPR@globalcrossing.com
Fernanda Marques
Latin America
+ 55 21 3820 4712
LatAmPR@globalcrossing.com
Analysts/Investors Contact
Laurinda Pang
+ 1 800 836 0342
glbc@globalcrossing.com
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