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Global Crossing Connects Chile to Global Fiber Optic Network

Hamilton, Bermuda: 9 April 2001 -- Global Crossing Ltd. (NYSE:GX, BSX:GBLX.BH), which provides integrated telecommunications solutions over the world's most extensive global IP-based fiber optic network, announced today that it has connected Chile to its global fiber optic network and is providing services to customers from Santiago. With the commencement of services in Chile, Global Crossing becomes the first company to connect the principal telecommunications markets in Latin America and the largest economies of the Mercosur to a seamless, global fiber optic network.

"Global Crossing is now providing customers in Chile with a new level of service through the unparalleled reach of our network, and the alignment of our service offerings with the demands of today's business market," said José Antonio Ríos, president of Global Crossing Latin America and the Caribbean. "We continue to set the pace in Latin America and around the world with our market focused approach and simplified solutions, enabling customers in a wide variety of businesses to operate more efficiently and effectively."

Added Luisa Cerar, Global Crossing's VP and managing director for the Southern Cone, "The Chilean market is one of the most technologically savvy in Latin America and provides an excellent opportunity for us in terms of business development and growth. The completion of our network construction in the Southern Cone enables us to approach the market with something no one else can offer - direct, seamless global connectivity."

Global Crossing completed final connection of its fiber optic ring around South America in February and is now fully operational in Argentina, Brazil, Mexico, Chile and Panama. The company expects to commence service in Peru and Venezuela in May 2001. In Colombia, Global Crossing has applied for a license to operate and provide advanced broadband telecommunications services.

The company's owned and operated network assets are the most extensive in Latin America and the world, seamlessly connecting virtually every major city in the region to each other, and to more than 200 major cities in North America, Europe and Asia.

Global Crossing provides a variety of broadband, IP and data services to clients in Latin America, including Comsat, Impsat Fiber Networks, Telecom Italia, Techtel, Centennial, Cable Onda and others. In Chile, the company is already providing services to Adexus and AT&T Latin America.

About Global Crossing:

Global Crossing Ltd. (NYSE: GX) provides integrated telecommunications solutions over the world's most extensive global IP-based fiber-optic network, which will have more than 100,000 route miles, reaching five continents, 27 countries and more than 200 major cities by mid-2001. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas, Europe, and the Asia/Pacific region, and provides services in Asia through its subsidiary, Asia Global Crossing. Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit www.globalcrossing.com or www.asiaglobalcrossing.com for more information.