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Global Crossing Landing Mexicana Receives License to Operate in Mexico

Hamilton, Bermuda: 10 October, 2000 - Global Crossing Ltd. (Nasdaq:GBLX BSX: GBLX.BH), which is building and offering services over the world's most extensive global IP-based fiber optic network, today reported that The Mexican Federal Commission of Telecommunications (Cofetel) has licensed Global Crossing to operate in Mexico.

Global Crossing also announced today it has completed the building of a fiber optic ring, Mexican Crossing, connecting Mexico City,

Guadalajara and Monterrey. Mexican Crossing is Global Crossing's first 10 gigabites per second (GBPS) terrestrial optical system in commercial service. The Mexican system connects Mexico City,

Guadalajara, Mazatlan and Monterrey with a 3,483-kilometer (approximately 2,200 miles) ring that can transport voice, data and multimedia services at speeds up to 320 gbps over a single fiber pair,

or carry approximately 500,000 simultaneous phone calls over a single fiber.

This high capacity ring allows Global Crossing to provide multiple new services, and enables its customers to benefit from faster Internet access and shorter downloads. Mexican Crossing is the most advanced and most secure fiber optic ring yet installed in Mexico, using techniques that will actively protect the system against fiber

cuts and network accidents.

"We are proud to announce today that we have concluded the construction of our Mexican network," said Leo Hindery, Jr., Chief

Executive Officer of Global Crossing. "We are particularly grateful to the Communications and Transport Ministry (SCT) and the Federal

Commission of Telecommunications (Cofetel) for the trust they have placed in us by granting Global Crossing a license to operate a Public

Telecommunications Network in Mexico. Mexican Crossing will connect this great nation with the major cities of the world and give the growing Mexican economy needed access to the rich information resources, financial data and electronic transactions that drive the world economy."