HAMILTON, Bermuda -- Global Crossing Ltd. (NYSE: GX), which provides telecommunications solutions over the world's first integrated global IP-based fiber optic network, today reported results for the second quarter ended June 30, 2001. For its continuing operations, the Company reported second quarter Cash Revenue of $1,620 million, Recurring Adjusted EBITDA of $472 million, and a Recurring Net Loss of $607 million, or $0.69 per share.Tom Casey, Chief Executive Officer of Global Crossing, said: "Our core businesses continued to make good progress in the second quarter. Our Telecommunications Services Service Revenue grew 5% sequentially, led by the highest-ever level of Commercial Service Revenue with growth of 5% sequentially and, in particular, sequential Commercial Data Service revenue growth of 11%, excluding equipment sales. We believe our commercial and data services are the drivers of our future growth and we did well in the second quarter in these critical areas. In addition, our carrier IRU revenue remains very strong and we have already reported over $1.1 billion of such sales in the first two quarters, representing over 50% of our full year targets. These are accomplishments that take on a special meaning in the current difficult environment."http://www.globalcrossing.com/pressreleases/pr_080101.htm