|
Global Crossing Mexican Customer Base Grows 64 Percent
- Increased demand for company's services in the "invest and grow" segment is key growth driver.
- Company's leading IP convergence capabilities poised for further IP adoption.
Mexico City, Mexico - August 23, 2006 -- Global Crossing (NASDAQ: GLBC) announced today that the number of its enterprise and carrier customers increased 64 percent year over year in the second quarter of 2006 due to the accelerated adoption of its services in the "invest and grow" segment, which provides IP services to enterprises via direct and indirect distribution channels.
Global Crossing, which began operations in Mexico in October 2000, has ramped up its service offerings to enterprises in the local market and as a result, the number of enterprise customers in Mexico increased by 50 percent in the second quarter of 2006 compared to the previous year. Global Crossing's state-of-the-art Internet Protocol (IP) solutions also have been key to the company's success in Mexico. Overall IP traffic more than doubled in the country during the same time period, outpacing the company's global IP growth.
"As one of Latin America's most dynamic economies, Mexico is a strategic market for Global Crossing," said José Antonio Ríos, international president and CAO of Global Crossing. "Seeing this type of growth in our customer base further reinforces our reputation as an IP solutions provider of choice for both enterprises and the carriers in all of the markets we serve. We look forward to working and growing together with national and multinational firms as they expand into the Mexican market."
Global Crossing also has seen remarkable Internet growth in Mexico: the number of customers with Internet services increased by 144 percent during the 12-month period ending June 2006. In addition, the number of enterprise and carrier customers who use IP and data services delivered over Global Crossing's private network - services such as Multiprotocol Label Switching (MPLS)-based IP VPNs and legacy services like Frame Relay and ATM -- has doubled. As a leading enabler of IP convergence - that is the combination of voice, video and data over a single connection and a secure network -- Global Crossing supports fully interoperable legacy and IP-based services, offering customers the ability to transition to IP at their own pace.
"Global Crossing has been a valuable strategic partner," said Kent Brailovsky, director of the Computer Center for Instituto Tecnológico Autónomo de México (ITAM). "They have provided the flexibility and high-quality solutions that meet the exacting performance and reliability we require. As a result, our productivity has increased, and our global connectivity has been simplified, enabling us to collaborate with international research and academic institutions. We look forward to Global Crossing's continued support as we strengthen our position as one of the leading universities in Mexico."
"In only six years, Global Crossing has established a significant foothold among key enterprise and carrier customers in Mexico, including nine of the 10 major carriers in the country," added Adrian Gonzalez, managing director of Global Crossing in Mexico. "The demand we've seen for Global Crossing's IP solutions among leading companies in Mexico has been exceptional, and our global IP platform enables us to continue to respond to its ever-accelerating demand. We will continue to serve our customers with the best solutions, services and networking in the marketplace."
Global Crossing's Mexican operations are headquartered in Mexico City, with a terrestrial network connecting Mexico City, Monterrey, Guadalajara and Mazatlan. Through its subsea system, Global Crossing connects facilities in Tijuana and the rest of its global network, delivering services to 600 cities in 60 countries on six continents. The Federal Telecommunications Commission (Cofetel) granted Global Crossing its telecommunications license in October 2000, allowing the company to connect Mexico with the major cities of the world. In Latin America and the Caribbean, the company's presence extends to 12 of the region's major cities, seamlessly connecting South America, Mexico, Central America and the Caribbean to the rest of its global network.
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, including Odebrecht, Brazil's largest multinational construction company; Arcor, the world's largest confectionary; Mexicana de Aviación and Banco Santander. Global Crossing continues to make important investments in its IP network to meet the increasing demand of customers around the world, including new landing point in Costa Rica and a recent upgrade of the Mid-Atlantic Crossing (MAC) to add wavelengths on this undersea link connecting the company's North and South America networks.
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.
###
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
Adriana Huerta
+ 1 305 808 5919
LatAmPR@globalcrossing.com
Kendra Langlie
Latin America
+ 1 305 808 5912
LatAmPR@globalcrossing.com
Analysts/Investors Contact
Laurinda Pang
+ 1 800 836 0342
glbc@globalcrossing.com
|