Global Crossing completes network link connecting U.S., Mexico, Central America and Caribbean

Global Crossing Ltd. (NYSE: GX), which is building and offering services over a global IP-based fiber optic network, announced the completion of a critical network segment, connecting the U.S. and Mexico to Central America and the Caribbean. The 10,000km segment, known as Pan American Crossing, increases the availability of bandwidth and services in one of a quickly growing telecommunications market.

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

Global Crossing has now activated its network and initiated services in three 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.

From its Latin America headquarters in Miami, and nine in-region sales and operations offices, Global Crossing offers a host of telecommunications services to carriers, ISPs and multinational corporations.

About Global Crossing:

Global Crossing Ltd. (NYSE: GX) provides integrated telecommunications solutions over a global IP-based fiber optic network, which will have more than 100,000 route miles, reaching five continents, 27 countries and more than 200 major cities by mid-2001. Global Crossing provides a full range of managed data and voice products and services. For more information, visit www.globalcrossing.com.