Global Crossing Lights Underseas Cable

ESTERILLOS, Costa Rica -- Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider, today announced the lighting of its new fiber-optic submarine cable in Esterillos of Parrita, Puntarenas. Global Crossing; Instituto Costarricense de Electricidad (ICE), the state-run entity responsible for Costa Rica's telecommunications; and the Radiografica Costarricense S.A. (RACSA) will host a ceremony today at the new Unqui cable station in the town of Esterillos. Costa Rican President Oscar Arias along with executives from Global Crossing, ICE and RACSA will attend the event to launch the new system.

This much anticipated fiber-optic submarine cable will facilitate the expansion of ICE's international network to the rest of the world through Global Crossing's network, allowing Costa Rica to increase reliability of its international telecommunications and strengthen the country's competitiveness, not only within Latin America, but on a worldwide scale.

"We're excited to reinforce our partnership with ICE in this initiative to expand Costa Rica's telecommunications services and increased connectivity around the world. This agreement is another step in the ongoing, cooperative effort between ICE, RACSA and Global Crossing to promote the continuous social and economic growth of the country," said John Legere, Global Crossing's CEO.

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