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Global Crossing Meets Growing Demand for IP Communications in Europe
Extends infrastructure, bringing network closer to customers
London - November 8, 2006 -- Global Crossing (NASDAQ: GLBC), a leading global provider of telecommunications solutions, today announced it has moved swiftly to meet the burgeoning demand for Internet Protocol (IP) communications services in Europe by expanding its infrastructure and IP services to more countries. Global Crossing's IP traffic growth is out-pacing the industry and is on track to more than double in 2006, fueled by the worldwide demand for high bandwidth connections to its IP network.
According to Gartner, the VoIP enterprise market in Western Europe is projected to grow to $3.1 billion by 2010, a compounded annual growth rate (CAGR) of 47.8 percent from 2005 to 2010 ("Forecast: Fixed Public Network Services, Worldwide," Wm. L. Hahn and Alex Winogradoff, August 2006).
By September 2006, IP interconnected Voice over IP (VoIP) traffic in Europe traversing Global Crossing's global IP backbone had increased by more than six million minutes per month from the previous year. Worldwide, Global Crossing's VoIP platform currently carries more than 2.5 billion minutes per month.
Global Crossing has ramped up organic growth in the region with a significant expansion of IP access points, bringing the company's Multi-Protocol Label Switching (MPLS) IP-based network closer to customers in a highly cost-effective manner. Global Crossing's MPLS network delivers state-of-the-art global IP solutions, with direct access to more than 600 cities in 60 countries.
"By expanding our European network, we're giving carriers and enterprises more economical options as they move to a converged IP solution," said Anthony Christie, Global Crossing's chief marketing officer. "We continue to be very committed to expanding the geographic reach of innovative IP services, such as VoIP. We believe that enhanced service offerings - provided on a secure, reliable, high-quality IP network - deliver an invaluable business resource to our customers."
Global Crossing is an industry leader in the deployment of 10-Gigabit Ethernet (10GigE) Points of Presence (PoPs) worldwide, and has implemented an IP Supercore platform supporting the increasing demand for high bandwidth IP services. The company has deployed 10GigE PoPs across Europe in Denmark, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom.
Global Crossing also has added more capacity to support the growth of VoIP traffic in Europe by expanding its Session Border Controller (SBC) pairs in Amsterdam, the Netherlands. Since October 2005, Global Crossing has seen 500 percent growth in customer connectivity to the Amsterdam SBC, necessitating the additional capacity.
Global Crossing is experiencing growth in excess of 200 percent on its IP VPN services worldwide as well, and has expanded the number of IP VPN service PoPs by more than 40 percent, including new deployments in Belgium, Ireland, the Netherlands and the United Kingdom.
Global Crossing also is expanding its network in the UK and Frankfurt via the recent acquisition of Fibernet to better serve the future requirements of customers with its newly enhanced portfolio of innovative IP solutions. Global Crossing is rapidly integrating Fibernet's business into its European operations, utilizing Fibernet's fiber ring in Frankfurt and a new group of telehouses for VoIP interconnection.
As announced in September, Global Crossing has expanded its IP services in Europe, making its VoIP Outbound Service™ available in Austria, the Czech Republic, Finland, Greece, Hungary, Poland, Portugal and Slovakia. VoIP Outbound Service had already been available in Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland and the United Kingdom. Global Crossing also announced the availability of intra-country dialing in Denmark, Finland, Ireland, Norway and Sweden. The service had already been available in France, Germany, Italy, the Netherlands and the United Kingdom.
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 29 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 Solutions 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
Rich Larris
+ 1 973 937 0153
PR@globalcrossing.com
Fernanda Marques
Latin America
+ 55 21 3820 4712
LatAmPR@globalcrossing.com
Mish Desmidt
Europe
+ 44 (0) 1256 732 866
EuropePR@globalcrossing.com
Analysts/Investors Contact
Laurinda Pang
+ 1 800 836 0342
glbc@globalcrossing.com
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