Asia Global Crossing Accelerates Subsea Cable Construction Schedule to Land in Taiwan Earlier Than Previously Announced.

Business Editors & High-Tech Writers

HAMILTON, Bermuda--(BUSINESS WIRE)--March 14, 2000

Global Crossing (Nasdaq:GBLX):

-- Cable that will link to worldwide Global Crossing Network to land in Taiwan
by year-end 2000, much sooner than planned.

-- Asia Global Crossing will be first to bring seamless worldwide high
bandwidth connectivity to Taiwan

In response to the recent Republic of China government action that will allow foreign companies to land cables there, Asia Global Crossing, a Global Crossing Ltd. company, announced today that it has accelerated its subsea construction schedule to land a fiber optic cable in Taiwan by year-end 2000.

Asia Global Crossing, a joint venture among Global Crossing, Microsoft, and Softbank Corp., is accelerating construction plans of its East Asia Crossing, a 2.5 terabit subsea fiber optic system designed to bring unprecedented broadband capacity to East and Southeast Asia, and link the region to the worldwide Global Crossing Network.

"Our global strategy is to link all of the world's major business centers on one single network. Asia Global Crossing is building the preeminent system for the Asia Pacific region, and we are extremely pleased by the government's decision that will allow us to land a cable and make Taiwan part of the seamless worldwide network," said John Legere, Asia Global Crossing CEO.

"Rapid deployment of East Asia Crossing brings increased access to Taiwan and gives Taiwan unprecedented access to the world. This access will let carriers in Taiwan offer their customers a range of global products and services to become one of the communications centers in the Asia Pacific region," said David Milroy, President of Asia Global Crossing, Asia Pacific. "Accelerating our construction schedule in response to the government action shows Asia Global Crossing's commitment to creating the first truly Pan-Asian network, and is a great example of how aggressively we respond to new Asian markets as they open."

About Asia Global Crossing

Asia Global Crossing is a joint venture among Global Crossing (Nasdaq: GBLX), SOFTBANK CORP. (Tokyo Stock Exchange: 9984), and Microsoft Corporation (Nasdaq: MSFT) created to provide the Asia Pacific region unprecedented access to a broadband, seamless global network through a combination of high-capacity city rings, terrestrial systems, and undersea cables. Asia Global Crossing offers businesses and consumers an array of advanced network-based telecommunications services including state-of-the-art telehouses, web hosting, and electronic commerce, as well as low-cost, high-quality telephony in competition with local incumbent carriers. Asia Global Crossing assets will include Global Crossing's 58% interest in Pacific Crossing-1, a subsea system connecting the US and Japan, and East Asia Crossing, a 17,000-km fiber optic subsea system that will link Japan, Taiwan, Korea, Hong Kong, Singapore, Malaysia, the Philippines, and China.

About Global Crossing

Global Crossing Ltd. (Nasdaq: GBLX) is building, and offering services over, the world's first global fiber optic network with 97,200 announced route miles, serving five continents, 24 countries and more than 200 major cities. The Global Crossing Network and its telecommunications and Internet product offerings will be available to over 80% of the world's international communications traffic. Global Crossing hosts more than 300 of the top Internet brands at its web hosting division, GlobalCenter. Among the brands are some of the largest and most densely trafficked sites on the Web, including Yahoo!, The Motley Fool, Ziff Davis, MP3.com and eToys. Global Crossing's operations are headquartered in Hamilton, Bermuda, with principal offices in Los Angeles, California; London, England; Morristown, New Jersey; Rochester, New York; and Miami, Florida. For more information visit www.globalcrossing.com.

Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.