GCUK Reports Q1 628505

Global Crossing announced unaudited financial results for Global Crossing Telecommunications Limited for the first quarter of 2006

June 8, 2006

1 Min Read

LONDON -- Global Crossing (Nasdaq: GLBC - News) today announced unaudited financial results for its subsidiary, Global Crossing (UK) Telecommunications Limited (GCUK) for the first quarter of 2006.

GCUK continued to generate positive cash and EBITDA (as defined below) in the first quarter. Highlights of the company's performance also included securing several prominent customer contracts announced during the quarter, including the Crown Prosecution Service, Learning and Skills Council and Domino Printing.

"Our business in the UK is solid, profitable and geared for growth," said John Legere, Global Crossing's chief executive officer. "We've built it on long-term relationships that we're in the process of expanding, and we've added new network and service capabilities in the past quarter that will help us meet the growing demand for our global IP capabilities."

In a step that will further enhance GCUK's key position in the government sector, the company expects soon to receive government accreditation, signalling that GCUK's dedicated government IP VPN network, the associated management systems and processes, and physical security measures meet the government's stringent security standards. Technical aspects of this accreditation provide a formal level of assurance akin to EAL-2, not only for the dedicated MPLS network but also for associated management systems. This increased level of government-approved security compliance builds on the fact that GCUK is the only UK service provider to operate a physically and logically separate IP VPN network for government users, isolating this traffic from the Internet and other commercial customers.

Global Crossing (Nasdaq: GLBC)

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