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Tyco Says Global Crossing Complaint Is without Merit

25 25 2000

Pembroke, Bermuda: 23 May, 2000 - Tyco International (NYSE: TYC; LSE: TYI; BSX: TYC), today issued the following statement in response to the lawsuit and arbitration filed against its Tyco Submarine Systems Ltd. subsidiary ("TSSL") by Global Crossing Ltd.:

"Tyco International has had the opportunity to review Global Crossing's lawsuit against Tyco's TSSL subsidiary. The complaint is totally without merit. We view this action as the latest attempt by Global Crossing to avoid payment of balances due as a result of work performed by TSSL. We have tried to resolve this matter and we are disappointed that Global Crossing has chosen the tactic of litigating rather than attempting to proceed in a businesslike manner.

"This is part of a continuing effort by Global Crossing to stifle competition in the undersea cable market. We will fight this action vigorously and pursue all available remedies.

"Tyco remains committed in our focus to complete the TyCom Global Network undersea fiber optic cable system."