Global Crossing Extends in Europe

LONDON -- Global Crossing (NASDAQ: GLBC) announced today that it is strengthening its core European data network and service offering for customers in Europe, North America and Latin America with the addition of new points of presence in Austria, the Czech Republic and Portugal. Global Crossing has also expanded the services it offers in Greece, Finland and Poland.

The core network extensions connecting to the major Internet exchanges in Prague, Vienna and Lisbon enable Global Crossing to offer its suite of voice and data products to carriers and enterprises across Austria, the Czech Republic and Portugal. The newly-commissioned point of presence at Lisbon's Telvent Housing carrier interconnection facility is already being used to provide voice interconnect services to alternative operators in Portugal.

Expanding the services offered in Greece, Finland and Poland to include IP VPN service, advanced IP applications, such as VoIP (Voice over Internet Protocol), IP Video, and other services, including Global ATM/Frame Relay coincides with the core network extensions to further enhance Global Crossing's service coverage in the region. In particular, demand for service into Greece is expected to rise in the run up to the summer Olympics in August.

"Europe is a key part of our global strategy," commented John Legere, Global Crossing's CEO. "Building on our successes in this region by extending our core network reach is a logical step as we pursue our goal of a leadership position in the industry."

Global Crossing's European IP-based core network now extends to more than 25,000 km across 20 countries, with a total of 66 on-net towns and cities in the UK alone. In addition, Global Crossing has metropolitan networks in the major European cities of London, Dublin, Paris, Amsterdam, Rotterdam, Brussels, Copenhagen, Frankfurt, Hamburg, Milan, Stockholm, Zurich and Madrid. The Global Crossing Network Operations Centre (GNOC) in London's docklands, monitors the operation of Global Crossing's worldwide terrestrial and sub-sea fiber-optic network. The GNOC is also a major traffic node and equipment collocation facility for European customers.

The expansion of the European Union from 15 to 25 countries to include many Central and Eastern European countries in May 2004 represents a large potential growth market for Global Crossing. Extending the European network to Prague and Vienna creates a regional gateway from which to jump off into the region and support future growth to cities such as Warsaw and Budapest.

"We're excited to move forward with on-net services in this growth region," said Phil Metcalf, managing director of Global Crossing Europe. "These extensions are a response to the customer demand we are seeing as the Eastern European market begins to open up."

Global Crossing Holdings Ltd.