"The cable landing in Chile marks another major step towards the completion of our Latin America network, which will revolutionize the way telecommunications services are provided in the region," said Patrick Joggerst, Global Crossing's president for South America. "We expect to fully connect Brazil and Argentina in November of this year, and expand our connection to Santiago, Chile by early 2001."
The Valparaiso cable station will be linked to Santiago, Chile via a 200 kilometer terrestrial fiber optic connection. To the east from Santiago, SAC will cross the Andes Mountains to connect Mendoza, Cordoba, Rosario and Buenos Aires in Argentina, then travel north along the Atlantic coast of South America to connect Brazil. SAC will travel north from Valparaiso to connect Peru, Colombia, and Venezuela. The system will then link with other Global Crossing network systems in St. Croix, USVI, offering seamless connectivity to the rest of the Global Crossing network.
SAC will feature roughly ten times the capacity of current telecommunication systems serving Latin America, dramatically increasing availability of bandwidth to allow for the development of new applications in the transmission of voice, data and Internet communications. The system will enable Internet service providers in the region to offer faster connection speeds, leading to quicker downloads and supporting popular applications such as streaming audio and video.
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 operations are headquartered in Hamilton, Bermuda, with principal offices in Los Angeles, California; London, England; Amsterdam, The Netherlands; Madison, New Jersey; Rochester, New York; Sunnyvale, California; New York, 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.
CONTACT GLOBAL CROSSING
Press
Teresa M. Mueller
Miami, FL
+1 305 808.5947
tmmueller@globalcrossing.com
Paulina Naudon
Chile
TIRONI Asociados
562-751-9524
pnaudon@tironi.cl
Analysts / Investors
Ken Simril
+1 310 385 5200
investors@globalcrossing.com