Mexico City - July 22, 2004 -- Global Crossing (NASDAQ: GLBCE) and Teléfonos de México, Mexico's largest telecommunications company, announced today a commercial agreement for bilateral voice interconnection. The agreement allows Global Crossing to send traffic to Mexico and TELMEX to transport long distance voice traffic to the United States. The deal affords both companies consistently high quality services, allowing them to better serve their customers while leveraging their individual strengths and creating significant advantages in terms of network reach and opportunities for increased market share.
Voice traffic exchange has commenced in Los Angeles, where Global Crossing and TELMEX have collocated points of presence (POPs).
"This agreement effectively leverages the opportunities between our companies to continue providing best-of-class service to our customers in the US, Mexico and around the world," said John Legere, chief executive officer of Global Crossing.
Today's announcement expands an existing business relationship between the two companies: TELMEX has been Global Crossing's primary local access provider for data services in Mexico since 2001, and Global Crossing also has interconnection and renders services in Latin America to a number of TELMEX affiliates.
Global Crossing's significant Mexican operations are headquartered in Mexico City, and the company has a redundant, terrestrial network connecting Mexico City, Monterrey, Guadalajara and Mazatlan. Through its subsea cable, Global Crossing connects facilities in Tijuana and the rest of its global network, delivering services to 500 cities in 50 countries around the world.
This Mexican connectivity agreement further enhances Global Crossing's growing list of more than 50 bilateral and direct interconnect agreements to countries around the world.
Global Crossing is committed to being a full service provider of voice, data and collaboration services over the world's largest commercially deployed SONUS network, providing unparalleled connectivity to fixed and mobile carriers and enterprise customers.
About Global Crossing
Global Crossing (NASDAQ: GLBCE) 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 Arcor
Arcor Group is the first candy manufacturer in the world and the largest confectionery exporter of Argentina, Brazil and Chile. It has 31 plants in Latin America, 25 of which are located in Argentina, and the other 6 in Latin America. The Group specializes in the elaboration of foods, and its leading products are candies, chocolates, cookies, preserved fruits and vegetables, and corn by-products. It produces more than 1.5 million kg daily and it reaches 115 countries throughout the five continents with its own brand.
