Global Crossing Ltd. Carries Traffic Over its VoIP Network Between Europe and the United States; Global Crossing To Develop and Deploy Converged Voice, Data and Video.

Business & Technology Editors

HAMILTON, Bermuda--(BUSINESS WIRE)--April 24, 2001

Global Crossing Ltd. (NYSE: GX)

-- Core gateway centers are located in Amsterdam, Brussels, Copenhagen,
Frankfurt, London and Paris plus 15 tier-one markets in the United States.

-- Global Crossing, in cooperation with Asia Global Crossing, has also deployed
a core gateway center in Tokyo.

-- Global Crossing is layering VoIP over its own privately engineered
ultra-high capacity backbone.

-- VoIP serves as an enabling technology for value added services to

multinational corporations and carrier customers.

Global Crossing Ltd. (NYSE:GX) announced today it has lit up Voice over Internet Protocol (VoIP) gateway centers in Europe and is now carrying traffic between Europe and the United States. Core gateway centers are located in Amsterdam, Brussels, Copenhagen, Frankfurt, London and Paris, plus 15 tier-one markets in the United States. Global Crossing, in cooperation with Asia Global Crossing, has also deployed a core gateway center in Tokyo.

Global Crossing is layering VoIP over its own privately engineered ultra-high capacity backbone. "At no point will traffic be sent over the public Internet," said Jon Tingley, Senior Vice President of Global Product Management. "Our VoIP platform is carrier class in scale and quality, with the added benefits of gains in network performance and scalability. We'll be able to handle nearly two billion minutes of traffic per month by the end of 2001 and the quality will be indistinguishable from that of the Public Switched Telephone Network. We've already been running carrier traffic over VoIP and our customers have not noticed any difference in quality," added Tingley.

For Global Crossing, VoIP serves as an enabling technology for converged voice, data and video services over a single connection, thereby allowing customers to operate more efficiently. The platform will support an initial set of global services, including: Outbound International Long Distance, Voice Virtual Private Networks, Toll Free/Freephone, Network Call Center Services, Carrier POP-POP transit, Carrier IP-Origination and Mobile Carrier Services.

"Global Crossing is already a proven and experienced provider of voice services. By building on that experience and leveraging the VoIP platform, voice becomes an IP application on our worldwide network," said Tingley. "VoIP allows us to offer additional value added services; by coupling those services with our seamless, global network, we offer multinational corporations and carriers high-quality, on-net transport and termination to 25 countries," he added.

During 2001, Global Crossing will aggressively expand its VoIP footprint throughout the rest of Europe as well as Central and South America. Through its partnership with Asia Global Crossing, the company will also extend its VoIP network into the Asia Pacific Region. Global Crossing is also testing interconnections between its VoIP gateways and several PTTs.

About Global Crossing

Global Crossing Ltd. provides integrated telecommunications solutions over the world's most extensive global IP-based fiber-optic network, which will have more than 100,000 route miles, reaching five continents, 27 countries and more than 200 major cities by mid-2001. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas, Europe, and the Asia/Pacific region, and provides services in Asia through its subsidiary, Asia Global Crossing. Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information.

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.