Connecting The U.S., Mexico, Central America & The Caribbean.

Global Crossing Ltd. announced the completion of a critical network segment, connecting the U.S. and Mexico to Central America and the Caribbean. The 10,000 km segment, known as Pan
American Crossing, dramatically increases the availability of bandwidth and services in one of the world’s fastest-growing telecommunications markets.

“The completion of our Pan American Crossing system marks another giant step towards the mid-2001 completion of our seamless, global network that enables state-of-the-art fiber optic connectivity and a host of services for our
customers,” said Tom Casey, Chief Executive Officer of Global Crossing. “The telecommunications services market in Latin America is growing exponentially, and Global Crossing is extremely well-positioned to meet the strong demand this growth is generating.”

Construction of Pan American Crossing was actually completed in December 2000, with final interconnect testing completed this month. The activation of the network segment also makes Global Crossing the first company to directly connect California, Mexico and Panama.

Global Crossing has now activated its network and initiated services in the three largest telecommunications markets in Latin America. In July 2000 the company completed construction of a terrestrial fiber optic ring in Mexico, connecting Mexico City, Guadalajara and Monterrey. In mid-November Global Crossing also launched services in South America, connecting Argentina and Brazil to the rest of its global fiber optic network.

“We are now fully engaged and operational in three of the most dynamic telecommunications markets in the world, and on-schedule with the completion of the rest of our Latin America network resources,” said Joseph A. Guzman, Global Crossing’s chief operating officer for Latin America and the Caribbean. “Customers can now turn to one source for the capacity and
services they need to succeed in today’s global marketplace.”

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