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Bill Adiletta Named Chief Information Officer of Global Crossing

Hamilton, Bermuda - June 20, 2000 - Global Crossing Ltd. (Nasdaq:GBLX), which is building and operating the world's most advanced global IP-based fiber optic network, announced today that William F. Adiletta has been named Chief Information Officer. Mr. Adiletta joins Global Crossing from IXnet/IPC, acquired by Global Crossing on June 15. Mr. Adiletta will play a key role in the development and management of Global Crossing's corporate information systems and infrastructure.

"Bill Adiletta has done an exceptional job at IXnet and IPC by expanding service capabilities on a global scale to meet the dynamically changing and high-end needs of the financial community," said Gary A. Cohen, Chief Operating Officer of Global Crossing. "We are pleased to have Bill on board to support the expanding information technology needs of Global Crossing as our organization continues to develop and deliver strategic, value-added products and services for our customers," Mr. Cohen added.

Prior to serving as Chief Technology Officer for IXnet and IPC, Mr. Adiletta was president of the Nasdaq Capital Markets division and chief technology officer at OptiMark Technologies, Inc., a leading developer of trade order matching facilities for global securities markets and exchanges.

Mr. Adiletta earned a B.A. degree in Physics from the University of Connecticut and an M.S. in Physics from DePaul University in Chicago.

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 own 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.

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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 and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.

Investor contacts:

Ken Simril

+1 310 385 5254

investors@globalcrossing.com

Press contacts:

Tom Goff

+ 1 310 385 5231

tgoff@globalcrossing.com

Kim Polan

+ 1 212 687 8080

kpolan@sardverb.com