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Global Crossing's License in Mexico Expanded to Include Long Distance Voice Services
Permits Global Crossing to sell international and domestic long distance.
Mexico City - October 11, 2005 -- Global Crossing (NASDAQ: GLBC) announced today that the Mexican Ministry of Communications and Transportation has granted its Mexican subsidiary, Global Crossing Landing Mexicana, S. de R.L. ("GCLM"), an amendment to its public telecommunications network concession, allowing it to provide voice services in Mexico. The company will now be permitted to sell voice services directly to Mexican-based businesses and carriers. The new services will enhance Global Crossing's portfolio of products for new and existing customers in the country. Global Crossing has been providing data services in Mexico since 1999.
"Global Crossing's IP network already provides Mexican businesses with top-quality data services, and we're delighted to offer voice as well," commented José Antonio Ríos, chief administrative officer and international president of Global Crossing. "Mexico is a key market for Global Crossing, and we're committed to serving our Mexican customers with our state-of-the-art network and product portfolio."
"Mexican businesses are looking forward to accessing all of the benefits voice over IP has to offer," said Adrian Gonzalez, managing director of Global Crossing Landing Mexicana. "I'm pleased that we now have the license to offer technology such as VoIP at a local level."
Global Crossing's significant Mexican operations are headquartered in Mexico City, with a terrestrial network connecting Mexico City, Monterrey, Guadalajara and Mazatlán. Through its subsea system, Global Crossing connects facilities in Tijuana and the rest of its global network, delivering services to 500 cities in 50 countries 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.
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Statements made in this press release that state Global Crossing'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
Analysts/Investors Contact
Laurinda Pang
+ 1 800 836 0342
glbc@globalcrossing.com
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