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Global Crossing Upgrades Latin American Network to Meet Growing Demand
100 Gbps Added on South American Crossing Undersea Cable
Florham Park, N.J. - March 10, 2008 -- Global Crossing (NASDAQ: GLBC), a leading global IP solutions provider, today announced it has expanded capacity on its South American Crossing (SAC) undersea fiber-optic cable system to meet rapidly growing demand for Internet Protocol (IP) and Ethernet transport in Central and South America.
"Our carrier and service provider customers are requesting increased capacity to handle the huge demand for IP connectivity and broadband services, including emerging services such as IPTV and mobile broadband," said John Legere, Global Crossing's CEO. "We continue to make strategic investments in network infrastructure in support of strong growth around the world, and this particular upgrade was necessitated both by increasing demand in general and by Global Crossing's acquisition of Impsat last year, which brought a significant number of new customers to the company."
Latin America is among the fastest growing regions of the world for international Internet traffic. TeleGeography Research has estimated 87 percent growth in international Internet traffic in the region during 2007.
Global Crossing has added 100 Gigabits per second (Gbps) of transport capacity on the SAC submarine cable system with the addition of new terminal equipment. The SAC system is a four-fiber-pair repeatered system providing 10 Gbps transport with a current design capacity of 1.2 Terabits. The new capacity will enable 10 Gbps IP ports and also Synchronous Transfer Mode (STM) at rates up to 10 Gbps (STM-64).
The system includes approximately 12,000 route miles (20,000 Km) of fiber-optic cable and landing stations in St. Croix, USVI; Fortaleza, Brazil; Rio de Janeiro, Brazil; Santos, Brazil; Las Toninas, Argentina; Valparaiso, Chile; Lurin, Peru; Fort Amador, Panama; and Puerto Viejo, Venezuela. Fort Amador and Puerto Viejo are shared by Global Crossing's Pan American Crossing (PAC)/Cook's Crossing undersea systems.
"Latin America's international Internet traffic growth remains among the strongest in the world, driven by increased broadband penetration and availability of high-bandwidth applications," said TeleGeography Senior Analyst Eric Schoonover. "We anticipate the pace of growth in Latin America to remain strong in the coming years. "
The 100 Gbps of new capacity is available now.
ABOUT GLOBAL CROSSING LATIN AMERICA
Global Crossing's Latin American business has operations in Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Peru, Mexico, Venezuela and the United States (Florida). In addition to its IP-based fiber-optic network, Global Crossing's regional infrastructure includes 15 metropolitan networks and 15 world-class data centers located in the main business centers of Latin America. Global Crossing's reach and experience in Latin America allow it to address the particularities of the region and deliver the solutions each company needs. The company provides services to a variety of customers, including medium and large companies and corporations, institutions and government entities, and telecommunications operators.
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 390 cities in more than 30 countries worldwide, and delivers services to approximately 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
Rich Larris
North America
+ 1 973 937 0153
PR@globalcrossing.com
Fernanda Marques
Latin America
+ 55 11 3957 2042
LatAmPR@globalcrossing.com
Jo Graves
Europe
+ 44 (0) 1256 732 387
EuropePR@globalcrossing.com
Analysts/Investors Contact
Suzanne Lipton
+ 1 800 836 0342
glbc@globalcrossing.com
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