MEXICO CITY -- Global Crossing (Nasdaq: GLBCE - News) and Telefonos de Mexico, Mexico's largest telecommunications company, announced today a commercial agreement for bilateral voice interconnection. The agreement allows Global Crossing to send traffic to Mexico and TELMEX to transport long distance voice traffic to the United States. The deal affords both companies consistently high quality services, allowing them to better serve their customers while leveraging their individual strengths and creating significant advantages in terms of network reach and opportunities for increased market share.

Voice traffic exchange has commenced in Los Angeles, where Global Crossing and TELMEX have collocated points of presence (POPs). "This agreement effectively leverages the opportunities between our companies to continue providing best-of-class service to our customers in the US, Mexico and around the world," said John Legere, chief executive officer of Global Crossing.

Today's announcement expands an existing business relationship between the two companies: TELMEX has been Global Crossing's primary local access provider for data services in Mexico since 2001, and Global Crossing also has interconnection and renders services in Latin America to a number of TELMEX affiliates.

Global Crossing Holdings Ltd.

Teléfonos de México