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Global Crossing Provides Dedicated Internet Access Services to The Coca-Cola Company ATLANTA and BUENOS AIRES, Argentina, Oct. 20 /PRNewswire-FirstCall/ -- Global Crossing announced today that it is providing Dedicated Internet Access (DIA) service to several Latin American offices of The Coca- Cola Company. The two-year service agreement signed in January provides Coca- Cola's offices in Argentina, Bolivia, Chile and Peru with direct connectivity via Global Crossing's MPLS-based, global IP network."We selected Global Crossing because of its network quality, dedicated account support, flexible approach, online network management and cost- effective pricing," said Chang Soo Chun, IS director, South Latin Division, The Coca-Cola Company. "The company's DIA service is a perfect fit for our needs." Global Crossing's comprehensive, end-to-end network management system monitors traffic 24 hours a day, seven days a week for unsurpassed reliability, and its DIA service provides customers like Coca-Cola with always-on, direct high-speed connectivity to the Internet. "This agreement reinforces Global Crossing's outstanding position in Latin America as a high-quality services provider to companies with strong local and global presence, such as The Coca-Cola Company," said Jose Antonio Rios, international president and chief administrative officer of Global Crossing. "We're thrilled to have signed this agreement with Coca-Cola, and we look forward to supporting their ongoing requirements for global connectivity and services." As a Global Tier 1 provider, Global Crossing is connected with every major Tier 1 ISP in the world, reaching 100 percent of the Internet. Global Crossing's Dedicated Internet Access (DIA) service offers Internet connectivity to all worldwide domains using a meshed network that incorporates true global IP over Multiprotocol Label Switching-traffic engineering (MPLS-te) as a backbone transport technology, providing the ultimate in network resiliency and flexibility. Global Crossing provides customers with always on, direct high-speed connectivity to the Internet at speeds ranging from 56/64 Kbps to OC48/STM16, as well as Fast Ethernet and Gigabit Ethernet on a global basis. DIA service can also be accessed via a Frame Relay or ATM network using FR to IP or ATM to IP interworking. ABOUT THE COCA-COLA COMPANY The Coca-Cola Company is the world's largest beverage company. Along with Coca-Cola, recognized as the world's best-known brand, The Coca-Cola Company markets four of the world's top five soft drink brands, including diet Coke, Fanta and Sprite, and a wide range of other beverages, including diet and light soft drinks, waters, juices and juice drinks, teas, coffees and sports drinks. Through the world's largest distribution system, consumers in more than 200 countries enjoy the Company's beverages at a rate exceeding 1 billion servings each day. For more information about The Coca-Cola Company, please visit our website at http://www.cocacola.com/. ABOUT GLOBAL CROSSING Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities and 30 countries worldwide, and delivers services to more than 500 major cities, 50 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 managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Services and Global Crossing VoIP services, to more than 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Please visit http://www.globalcrossing.com/ for more information about Global Crossing. Statements made in this press release that state the company's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. These statements contain words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "will," "seek," or similar expressions. Such statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements, including the conditioning of the company's continued listing on the NASDAQ National Market on its timely filing with the SEC of all periodic reports for all reporting periods ending on or prior to September 30, 2005; the company's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; the ability of the company to arrange the necessary financing to fund its liquidity requirements; the likelihood that the prices the company charges for its services will continue to decrease; the company's ability to continue to connect its network to incumbent carriers' networks or maintain Internet peering arrangements on favorable terms; the consequences of any inadvertent violation of the company's Network Security Agreement with the U.S. Government; the impact of actual and potential customers' bankruptcies on the company's sales prospects and results of operations; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; the impact on the company's competitiveness of its technology choices; the company's dependence on third parties for many functions; political, legal and other risks due to the company's substantial international operations; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. The company undertakes no duty to update information contained in this press release or in other public disclosures at any time. CONTACT GLOBAL CROSSING: Press Contacts Becky Yeamans + 1 973-937-0155 [email protected] Kendra Langlie Latin America + 1 305-808-5912 [email protected] Analysts/Investors Contact Laurinda Pang + 1 800-836-0342 [email protected] Global Crossing CONTACT: Press: Becky Yeamans, +1-973-937-0155, [email protected],or Kendra Langlie, Latin America, +1-305-808-5912, [email protected],Analysts-Investors: Laurinda Pang, 1-800-836-0342, [email protected],all of Global Crossing Web site: http://www.globalcrossing.com/http://www.cocacola.com/ |