[August 28, 2008]

Global Crossing Announces Conference Call for GC Impsat's Second Quarter Financial Results

FLORHAM PARK, N.J., Aug. 28 /PRNewswire-FirstCall/ -- Global Crossing will conduct a conference call on Wednesday, September 3, 2008 at 9:00 a.m. EDT/10:00 a.m. Buenos Aires time. CFO Jean Mandeville and Hector Alonso, managing director for Latin America, will discuss GC Impsat's financial results for the second quarter 2008.

The call may be accessed by dialing +1 212 231 2904. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT/10:00 a.m. Buenos Aires start time. The call will also be Webcast at http://investors.globalcrossing.com/events.cfm .

A replay of the call will be available on Wednesday, September 3, 2008 beginning at 11:00 a.m. EDT/12:00 p.m. Buenos Aires time and will be accessible until Wednesday, September 10, 2008 at 11:00 a.m. EDT/12:00 p.m. Buenos Aires time. To access the replay, callers should dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21391709.

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 provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 400 cities in more than 45 countries worldwide, and delivers services to more than 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 http://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
Michael Schneider
+ 1 973 937 0146
michael.schneider@globalcrossing.com

Fernanda Marques
Latin America
+ 55 11 3957 2042
fernanda.marques@globalcrossing.com

Analysts/Investors Contact
Antonio Suarez
+ 1 800 836 0342
glbc@globalcrossing.com

IR/PR1

Global Crossing

CONTACT: Press: Michael Schneider, +1-973-937-0146,michael.schneider@globalcrossing.com, or Fernanda Marques, Latin America,+55-11-3957-2042, fernanda.marques@globalcrossing.com; or Analysts andInvestors: Antonio Suarez, +1-800-836-0342, glbc@globalcrossing.com, all ofGlobal Crossing

Web site: http://www.globalcrossing.com/http://investors.globalcrossing.com/events.cfm

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