Miami - December 9, 2004 -- Global Crossing (NASDAQ: GLBC) announced today that it is providing the Andean Development Corporation (CAF), the premier multilateral financial development institution in the Andean region, with managed IP VPN services over Global Crossing's IP network. The solution currently converges CAF's data and video traffic over a single connection, linking the institution's offices in Bolivia, Colombia, Ecuador, Perú, Venezuela and Brazil with its telecommunication hub in Miami. CAF also plans to utilize Global Crossing Managed IP VPN to converge its voice services in the near future. CAF will also benefit from Global Crossing's managed services, a full end-to-end turn-key solution for IP VPN, enabling the institution's team to focus on core business responsibilities while Global Crossing ensures a secure, flexible, reliable and high-performing IP VPN.
CAF's voice, data and video traffic is transported over Global Crossing's secure, privately owned and operated MPLS-based IP backbone, physically separate from the public Internet. Global Crossing provides a converged IP solution that is both scalable and flexible; supporting customer-tailored migration paths for the transition from traditional voice services to IP-based voice services. CAF will utilize Global Crossing's Direct Dial Services for voice, and has plans to employ VoIP in the near future. CAF has already begun accessing IP Video and iVideo for its videoconferencing solutions through the new managed IP VPN service.
"CAF has to meet the needs of many types of organizations -- from governmental entities to private investors. After evaluating numerous options, it was evident that Global Crossing's superior network, performance and global capabilities at competitive prices would help us manage our audiences' varying needs," commented Esteban Cover, director of technology at CAF. "The nature of CAF's work can take our staff to very remote places. Global Crossing had the network guarantees and reach we could count on, with the local access and speed we need for our staff to be effective."
"This is an excellent example of how Global Crossing's network, global reach and converged IP service offering is a perfect fit for the financial sector in Latin America," said Pablo Mlikota, vice president of corporate sales, Latin America and southeastern U.S. "Financial institutions find that our solutions serve as a strategic tool for their businesses, and we're delighted that CAF has recognized the quality and value we can bring to their organization."
Global Crossing addresses the specific strategic and security needs of financial organizations through a comprehensive approach to security, optimal business processes and business continuity planning. Financial institutions can rely on Global Crossing's unprecedented security - technology, network, personnel and more, based on rigid requirements established by the UK and US governments, and leading application security for viruses and denial of service (DoS) attacks, delivered over a fully interoperable global IP-based network platform.
Available today in more than 500 cities and 50 countries, Global Crossing provides one of the highest performance and versatile IP VPN solutions currently in place, providing true global reach, scalable connectivity, multiple access options, flexible billing options, and supporting convergence of corporate data, VoIP, IP Video and Internet access, all over one connection. Global Crossing's IP VPN Service allows customers to create secure, private intranets and extranets globally. It's a secure solution for transporting IP traffic such as e-mail, e-commerce, streaming video and other data applications between multiple sites across the Global Crossing worldwide network based on differentiated Quality of Service (QoS) across multiple Classes of Service (CoS) on MPLS. Global Crossing's IP knowledge center, found at www.ipknowledgecenter.com, further details the features and benefits of IP convergence.
Global Crossing Managed Services provide value-added pre-sales engineering and CPE design, equipment procurement, provisioning and installation, and network monitoring and management backed by newly enhanced global SLAs. The service also provides ongoing end-to-end CPE and network management and maintenance support for corporate locations around the globe, permitting customers to focus on their core businesses.
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 and 30 countries worldwide, and delivers services to more than 500 major cities, 50 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 Services and Global Crossing VoIP services, to more than 40 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.
About CAF
The Corporación Andina de Fomento (CAF) is a multilateral financial institution whose mission is to promote the sustainable development of its shareholder countries and regional integration. It serves the public and private sectors, providing multiple financial services to a broad customer base composed of the governments of shareholder countries, public and private companies and financial institutions. Its policies incorporate social and environmental variables, and it includes eco-efficiency and sustainability criteria in all its operations.
CAF has been consistently present in its shareholder countries in a manner that has enabled it to consolidate its regional leadership in terms of effective mobilization of resources. It is currently the leading source of multilateral financing of the countries of the Andean community, having approved during the last ten years more than 40 percent of the total resources approved by multilateral agencies.
