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Press Release

Global Crossing Announces Conference Call for Second Quarter Financial Results

Florham Park, N.J. - August 2, 2007 -- Global Crossing (NASDAQ: GLBC) will conduct a conference call on Thursday, August 9, 2007 at 9:00 a.m. EDT. CEO John Legere and CFO Jean Mandeville will discuss financial results for the second quarter of 2007.

The call may be accessed by dialing +1 212 231 6010 or +44 (0) 870 001 3146. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT start time. The call also will be Webcast at investors.globalcrossing.com/events.cfm.

A replay of the call will be available on Thursday, August 9, 2007 beginning at 11:00 a.m. EDT and will be accessible until Thursday, August 16, 2007 at 11:00 a.m. EDT. To access the replay, North American callers should dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21346003. Callers in the United Kingdom should dial +44 (0) 870 000 3081 or +44 0 800 692 0831 and enter reservation number 21346003.

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 320 cities in 31 countries worldwide, and delivers services to more than 600 cities in 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 -- and remains the only -- 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 Contact

Becky Yeamans
+ 1 973 937 0155
PR@globalcrossing.com

Analysts/Investors Contact

Laurinda Pang
+ 1 800 836 0342
glbc@globalcrossing.com

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