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Press Release

Transit Telecom Selects Global Crossing to Meet Growing Demand for IP Services

  • Brazilian carrier building one of Latin America's largest next generation networks, using Global Crossing IP Transit and Colocation Services to develop fully converged VoIP and data backbone.
  • Global Crossing will provide Transit Telecom with colocation services in the Network Access Point (NAP) of the Americas in Miami.

São Paulo, Brazil - August 3, 2006 -- Global Crossing (NASDAQ: GLBC) announced today a one-year contract to provide Brazilian carrier Transit Telecom with IP transit and colocation services. By selecting Global Crossing's IP services, Transit Telecom, which offers services to the residential and corporate markets, will be able to expand its current telecom infrastructure to meet the company's accelerated growth, especially with the increase of its network in Brazil. Transit Telecom will also enhance the services provided to its broadband IP and Voice over IP (VoIP) customers.

"This contract with Global Crossing supports our goal of providing the most advanced and reliable technologies to our customers," said Alexandre Alves, Transit Telecom's vice president of technology. "Global Crossing's IP-based MPLS fiber-optic network provides high performance, security and simple network management for our services offer."

Under the terms of the agreement, Global Crossing has implemented IP Transit and colocation services in São Paulo and in the Global Crossing colocation facility at the Network Access Point (NAP) of the Americas, where it is an anchor carrier tenant. Located in Miami, the NAP of the Americas is one of the world's five largest network access points and represents an Internet gateway for Latin America.

Global Crossing will support Transit Telecom's international expansion by providing them with colocation space at the NAP of the Americas, facilitating the termination of traffic both in the United States and worldwide. Transit Telecom also will benefit from the expansion of its interconnections.

Global Crossing Colocation Service offers customers access to highly secure and reliable space, power and technical resources, providing a cost-efficient way for customers to expand their network infrastructure in key metropolitan centers without having to establish traditional real estate arrangements of their own.

Additionally, by using Global Crossing's IP transit service, Transit Telecom will take advantage of Global Crossing's single Autonomous System (AS) number, which guarantees the same Service Level Agreement (SLA) and quality of service in both Brazil and the United States. As a result, Transit Telecom will be able to more easily configure its backbone, while reducing latency and enhancing security.

"This agreement reinforces Global Crossing's strong presence in the Latin American market, as we continue to provide the most advanced IP solutions with high performance, reliability and security," said Dale Miller, Global Crossing's managing director for Latin America. "By partnering with Global Crossing, Transit Telecom can count on a premier global provider as they continuously grow their infrastructure."

Transit Telecom's experience with rapidly growing customer demand mirrors the explosive growth for converged IP services that Global Crossing is seeing around the globe, particularly in Latin America. In 2005, the number of Global Crossing's converged IP customers tripled, while IP VPN traffic grew more than 300 percent. The number of Global Crossing's IP customers in Latin America grew by 80 percent in 2005.

Global Crossing IP Transit Service leverages Global Crossing's worldwide network and extensive private peering relationships to provide high-performance, always-on, direct high-speed connectivity to the Internet at speeds ranging from T1/E1 to OC48/STM16. Connection to Global Crossing's IP network is available though a variety of access options, including TCP/IP, Dedicated Internet Access (DIA), IP VPN, Frame Relay, Asynchronous Transfer Mode (ATM), metro rings and Ethernet. Other access options may be obtained based on location and availability.

Global Crossing has significant presence in Latin America and the Caribbean with offices and operational facilities in 12 of the region's major cities. Through its sub-sea and terrestrial cable systems, Global Crossing seamlessly connects South America, Mexico, Central America and the Caribbean to the rest of its global network, delivering services to customers around the world. With its regional network officially completed in 2001, Global Crossing now serves virtually all of Latin America's major carriers, as well as many prestigious Latin American companies, research and educational networks, and global companies operating in the region. Those customers include Latin America's largest construction and engineering firm Odebrecht, Mexicana Airlines and Banco Santander International.

ABOUT TRANSIT TELECOM
Transit Telecom was created when the telecom sector was privatized in Brazil. As a company with an innovative profile, Transit Telecom stands out in the market for its strong investment in technology and services highly focused on its customers. Transit Telecom offers complete solutions for thousands of residential and corporate customers in almost all of the country's territory, with an accelerated growth. The company's products include Via VoIP, based in voice over IP technology, and Transit Line, a dedicated voice link. For further information, please visit: www.transitbrasil.com.br.

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 in 28 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 managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Services and Global Crossing VoIP services, to 36 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 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

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

Kendra Langlie
Latin America
+ 1 305 808 5912
LatAmPR@globalcrossing.com

Fernanda Marques
Latin America
+ 55 11 2123 4712
LatAmPR@globalcrossing.com

Analysts/Investors Contact

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

CONTACT TRANSIT TELECOM:

S2 Comunicação Integrada
+ 55 11 3457 0200
+ 55 11 3457 0222 fax www.s2.com.br

Luísa Pinheiro
+ 55 11 3457 0210
lpinheiro@s2.com.br

Cecília Ferrarezzi
+ 55 11 3457 0229
ceciliaf@s2.com.br

Claudia Fuji
+ 55 11 3457 0207
claudiam@s2.com.br

Priscila Rocha
prirocha@s2.com.br

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