Global Crossing Supports Global Caribbean Network to Promote Development of Caribbean Region
- Agreement enables Global Caribbean Network to extend its services to North America, Europe and Asia, and allows Global Crossing to expand its reach to 13 additional countries in the Caribbean. - Companies debut announcement at Capacity Caribbean Conference 2007 in Barbados.
MIAMI, Jan 31, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider, today announced that it is working with Global Caribbean Network (GCN), a subsea cable operator headquartered in Guadeloupe, French West Indies, to enhance global IP connectivity to the Caribbean region.
Under the terms of several agreements, GCN will interconnect its voice and data traffic services arriving from the Caribbean to Global Crossing's IP network in St. Croix, via 10-Gigabit wavelengths, enabling GCN to extend its services to North America, Europe and Asia. Primarily based in the Caribbean, GCN's customers will now gain access to Global Crossing's state-of-the-art global network, so they can connect to any of the 600 cities in 60 countries where Global Crossing delivers services.
At the same time, through the interconnection with GCN, Global Crossing will now be able to offer its own customers services in 13 additional countries in the Caribbean.
"Global Crossing's services support our plans to offer Caribbean residential and commercial users a more advanced telecom infrastructure," said Ehsan Emami, GCN's president. "Our customers will benefit from a fast and reliable network, where all data, voice, video and multimedia traffic can converge to a single global backbone."
"We're excited about this opportunity to work with GCN as it begins to offer local and international operators broadband services in the Caribbean region," said Jose Antonio Rios, Global Crossing's international president. "Our combined capabilities reinforce our commitment to accelerate deployment of our services to the region."
GCN is a subsidiary of Groupe Loret, an enterprise conglomerate responsible for different businesses in various segments, including real estate, communications, automotive, and air transportation, among others. GCN began offering its commercial services in the Caribbean in October 2006 through the official launch of the first phase of its GCN-1 system, which connects Guadeloupe, St. Martin, St. Barthelemy, San Juan and St. Croix. It is currently expanding its reach further south in the Caribbean to Dominica, Martinique, St. Kitts, Antigua, St. Lucia, St. Vincent, Barbados, Grenada and Trinidad as part of the second and third phases of the project, in 2007.
According to a 2006 Telecommunications Industry Review study, the Caribbean is one of the fastest growing broadband markets in the world. To accommodate this rapidly expanding demand in Latin America and the Caribbean region, Global Crossing recently announced that it will upgrade its Mid- Atlantic Crossing (MAC) system, which connects North America to Latin America through the Caribbean. Global Crossing's MAC ring, which runs between Brookhaven, NY; Hollywood, FL; and St. Croix, Virgin Islands, is an essential piece of the company's advanced, global network.
"Global Crossing is committed to the Caribbean region and is uniquely positioned to serve companies like GCN, that require global connectivity," commented Dale Miller, Global Crossing's senior vice president for carrier sales in Latin America. "By choosing Global Crossing, GCN has improved its network functionality, enhanced its flexibility and expanded its reach around the world."
Miller is participating today in the keynote panel discussion at the 2007 Capacity Caribbean Conference, in Barbados.
Global Crossing's carrier services portfolio is strategically positioned to meet the needs of carriers building networks or buying services to meet the needs of their consumer or business customers. Global Crossing sells 2.5 to 10 Gigabit wavelengths, private line circuits, dark fiber and indefeasible rights to use.
ABOUT GLOBAL CARIBBEAN NETWORK
Global Caribbean Network (GCN) is a new cable operator in the Caribbean region. It is a subsidiary of Groupe Loret, one of the main players in the French West Indies and Guiana economies, with sales of 500 million euros in 2005. GCN has been awarded a Public Service Delegation contract by the Regional Council of Guadeloupe (FWI) to build and operate a new submarine cable linking Guadeloupe, Puerto Rico, St.Croix, St. Martin and St. Barthelemy to the rest of the world.
Please visit www.globalcaribbean.net or www.loret.net for more information about GCN.
ABOUT GLOBAL CROSSING
Global Crossing (Nasdaq: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities in 29 countries worldwide, and delivers services to more than 600 cities in 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Solutions and Global Crossing VoIP services, to 36 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs.
Please visit www.globalcrossing.com for more information about Global Crossing.
Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.
CONTACT GLOBAL CROSSING:
Press Contacts
Becky Yeamans
+ 1 973 937 0155
PR@globalcrossing.com
Fernanda Marques
Latin America
+ 55 11 2123 4712
LatamPR@globalcrossing.com
Adriana Huerta
Latin America
+ 1 305 808 5919
LatamPR@globalcrossing.com
Analyst and Investor Contact
Laurinda Pang
+ 1 800 836 0342
glbc@globalcrossing.com
GEN/PR1
SOURCE Global Crossing
Becky Yeamans, +1-973-937-0155, PR@globalcrossing.com; or Fernanda Marques, Latin America, +55-11-2123-4712, LatamPR@globalcrossing.com; or Adriana Huerta, Latin America, +1-305-808-5919, LatamPR@globalcrossing.com; or Analyst and Investor Contact: Laurinda Pang, 1-800-836-0342, glbc@globalcrossing.com
http://www.globalcrossing.com
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