FLORHAM PARK, N.J., April 9, 2008 /PRNewswire-FirstCall/ -- Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider, today announced it has expanded its ability to address enterprise and carrier customers' growing demand for bandwidth-intensive applications and converged Internet Protocol (IP) services in Latin America.
FLORHAM PARK, N.J., April 9, 2008 /PRNewswire-FirstCall/ — Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider, today announced it has expanded its ability to address enterprise and carrier customers' growing demand for bandwidth-intensive applications and converged Internet Protocol (IP) services in Latin America.
"We're responding to the continuing strong demand for IP services that give enterprises the ability to connect globally with colleagues, customers and suppliers, and that give end users an enhanced experience with applications such as video streaming, music and video downloads. These are the main drivers for our IP network expansion," said John Legere, Global Crossing's chief executive officer. "Our IP Supercore platform transports Internet traffic around the globe with higher performance and also allows us to integrate the former Impsat IP network, providing seamless connectivity to all our customers in the region."
Global Crossing is supplementing the core functionality of its MPLS-network backbone with "Supercore" routing platforms. In addition to the Supercore routers already installed in St. Croix, USVI and Fort Amador, Panama, the company now has installed these routers in Buenos Aires, Santiago and Sao Paulo, as well. This triples PoP-to-PoP core capacity and enables OC192 (10 Gbps SONET) connections on the company's South American Crossing (SAC) undersea fiber-optic cable system, which rings Latin America. Immediate benefits to customers include a core architecture that can transport high capacity IP traffic, handle the rising demand for 10 Gbps Ethernet services, and significantly expand beyond 10 Gbps capacity without the delays caused by forklift upgrades.
According to IDC, a leading provider of global IT research and advice, the Latin American market for enterprise IP services is projected to increase from $2.94 billion in 2008 to $4.3 billion in 2011, growing at an annualized rate of 10.1 percent. "We're seeing strong enterprise adoption of IP and Ethernet services across Latin America," said Diego Anesini, telecom consulting and research manager for IDC. "The region is well-poised for sustained growth in next generation enterprise telecom services driven by convergence and virtualization, a trend that is bolstered by a relatively positive economic outlook."
Global Crossing's advanced fiber-optic MPLS-te network is the platform of choice for converged IP services including Voice over Internet Protocol (VoIP), Internet Protocol Virtual Private Network (IP VPN) and IP video. The company's suite of solutions is designed to meet the exacting performance and reliability requirements of its customers and partners around the world.
The SAC system includes approximately 12,000 route miles (20,000 Km) of fiber-optic cable and landing stations in St. Croix, USVI; Fortaleza, Brazil; Rio de Janeiro, Brazil; Santos, Brazil; Las Toninas, Argentina; Valparaiso, Chile; Lurin, Peru; Fort Amador, Panama; and Puerto Viejo, Venezuela. Fort Amador and Puerto Viejo are shared by Global Crossing's Pan American Crossing (PAC) undersea system. Last month, Global Crossing announced that it had expanded SAC by 100 Gbps of transport capacity.
ABOUT GLOBAL CROSSING LATIN AMERICA
Global Crossing's Latin American business has operations in Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Peru, Mexico, Venezuela and the United States (Florida). In addition to its IP-based fiber-optic network, Global Crossing's regional infrastructure includes 15 metropolitan networks and 15 world-class data centers located in the main business centers of Latin America.
Global Crossing's reach and experience in Latin America allow it to address the particularities of the region and deliver the solutions each company needs. The company provides services to a variety of customers, including medium and large companies and corporations, institutions and government entities, and telecommunications operators.
ABOUT GLOBAL CROSSING
Global Crossing (Nasdaq: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.
Please visit www.globalcrossing.com or blogs.globalcrossing.com/ for more information about Global Crossing.
Statements in this press release about expected future events and financial results are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including risks referenced from time to time in the company's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.
CONTACT GLOBAL CROSSING: Press Contacts Rich Larris + 1 973 937 0153 PR@globalcrossing.com Fernanda Marques Latin America + 55 11 3957 2042 LatAmPR@globalcrossing.com Jo Baker Europe + 44 (0) 1256 732387 EuropePR@globalcrossing.com Analysts/Investors Contact Suzanne Lipton + 1 800 836 0342 firstname.lastname@example.org GEN/PR1
SOURCE Global Crossing