AT&T, Global Crossing Ink $46M Deal

Will link Sao Paulo, Buenos Aires, Santiago, Bogota, and Lima with the U.S.

September 1, 2000

1 Min Read

MIAMI -- AT&T Latin America (Nasdaq: ATTL), the new full-service communications provider with operations in five Latin American countries -- which began trading yesterday -- announced today it has agreed to acquire $46.5 million of high-speed international capacity from Global Crossing (Nasdaq: GLBX). The agreement makes AT&T Latin America the first Latin America-focused communications services provider to offer a single-architecture international broadband network.

"This agreement represents a major step toward the completion of our regional and international network," stated Patricio E. Northland, chairman, president and CEO of AT&T Latin America. "Our customers, particularly ISPs and multinationals, will benefit from our uniform platform throughout the region as it assures secure transmissions and consistent quality."

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