Asia Global Crossing Appoints New Executives to Senior Management Team

"Asia Global Crossing continues to attract high-level talent to the senior management team, giving us strong leadership in Japan, the Asia Pacific region and in the U.S.," said John Legere, Asia Global Crossing CEO. "This management team brings a deep understanding of business development and strategic planning in the telecommunications industry and a strong track record in the region. By combining this

talent with our unparalleled network infrastructure and product and service offerings, Asia Global Crossing is a company that is well-poised to address the exploding demand for broadband in Asia."

Anthony Christie joins Asia Global Crossing as Vice President, Business Development and Strategic Planning, after 16 years with AT&T, several of which were spent working in the Asia-Pacific region. Most recently, Mr. Christie was a Regional Managing Director in Asia, and Global Sales Vice President, Network Vice President, and General

Manager at AT&T Solutions, where he was responsible for business development, account strategy, profit & loss, customer satisfaction, and personnel on a complex, network-focused project valued at more than $225 million annually.

Mr. Christie also held positions in AT&T's Asia-Pacific International Operations Division, including an assignment as the Regional Managing Director for the Consumer Markets Division, where he was responsible for revenues of more than $1.5 billion in 14 countries. Mr. Christie also served as Managing Director of Business Operations for AT&T's business in Asia. He will be based in Hong Kong.

Alex Ng, formerly CEO and CFO of AT&T's Asia Pacific operations, has joined Asia Global Crossing as Chief Operating Officer - North Asia. He will be based in Hong Kong and will be responsible for all operations of the region including joint ventures. Mr. Ng has more than 15 years' experience in both high tech and telecommunications,

including more than 10 years with NCR. He was involved in several merger and acquisition transactions in the region while working for AT&T.

Chris Young will be based in the Hong Kong office as Vice President, Sales & Marketing, and will lead Asia Global Crossing's regional sales and marketing team. With more than

10 years of sales, marketing, strategy, and business development experience in Hong Kong,Mr. Young's background includes director-level positions with New T&T,

IBM, and AT&T.

Ki Young Im has joined Asia Global Crossing as Managing Director -Korea from the top position in BT Concert's Korea office and will establish Asia Global Crossing's first office in that country. Mr. Im's background includes positions with KAIST (Korea Advanced

Institute of Science and Technology) and AT&T, where he held managing director positions in business marketing and carrier services roles.

Joining Mr. Im in the Korea office are Soo-Young Park and SuChong Yu, both also from the BT Concert management team. Mr. Park and Mr. Yu will be responsible for sales, marketing, and business development activities.

Francis Lim has joined as Director, Regional Business Development, and will be based in Hong Kong. He has been involved in business development over the past 10 years in the region, initially with Hutchison Telecom and most recently with AT&T in Asia. Mr. Lim's extensive experience will help Asia Global Crossing in fulfilling its

plan of building a seamless Asia Pacific network.

About Asia Global Crossing

Asia Global Crossing is a joint venture among Global Crossing (Nasdaq: GBLX), Softbank (Tokyo Stock Exchange: 9984), and Microsoft (Nasdaq: MSFT) created to provide the Asia Pacific region with a full range of integrated telecommunications and IP services. Through a combination of undersea cables, terrestrial networks, city fiber rings

and complex web hosting data centers, Asia Global Crossing is building the first truly pan-Asian network that will provide the Asia Pacific region with unprecedented access to a broadband, seamless global network. Advanced IP-based telecommunications services include state-of-the-art telehouses, complex web hosting, and electronic

commerce, as well as low-cost, high-quality telephony in competition with local incumbent carriers. Assets of Asia Global Crossing include a 64.5 percent share of Pacific Crossing-1, a subsea system connecting the US and Japan, and ownership of East Asia Crossing, an approximately 19,000-km fiber optic subsea system that upon completion will link Japan, Taiwan, Korea, Hong Kong, Singapore, Malaysia, the

Philippines, and China, as regulations permit.

About Global Crossing

Global Crossing Ltd. (Nasdaq: GBLX) is building and offering services over the world's most extensive global IP-based fiber optic network, which will have more than 101,000 route miles, serving five continents, 27 countries and more than 200 major cities. Global

Crossing's subsidiary, GlobalCenter Inc., is a leading Internet service business, and its customers include many of the largest and most densely trafficked sites on the Web. Asia Global Crossing, a joint venture among Global Crossing, Microsoft Corporation (Nasdaq: MSFT), and Softbank Corp. (Tokyo Stock Exchange: 9984), is building

the first pan-Asian broadband IP network to provide broadband and Internet services to the Asia-Pacific region. Global Crossing's

operations are headquartered in Hamilton, Bermuda, with principal offices in Los Angeles, California; London, England; Morristown, New Jersey; Rochester, New York; and Miami, Florida. Visit Global Crossing at www.globalcrossing.com on the Web.

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, Asia, and other countries and regions; changes in business strategy; the successful integration of newly-acquired

businesses; and the impact of technological change.

CONTACT: Asia Global Crossing

Investor contact:

Jensen Chow, +1 310 385 5283 (Los Angeles)

jchow@globalcrossing.com by e-mail

Press contact:

Madelyn Smith, +1 310 385 3816 (Los Angeles)

madelyn@globalcrossing.com by e-mail

General information:

Visit Global Crossing at www.globalcrossing.com

on the World Wide Web