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April 11, 2008 |
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GLOBAL CROSSING: Expands Internet Services to Latin America Global Crossing Ltd. 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 Global Crossing's chief executive officer, John Legere. "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 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, the Latin American market for enterprise IP services is projected to increase from US$2.94 billion in 2008 to US$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 IDC telecom consulting and research manager, Diego Anesini. "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, Internet Protocol Virtual Private Network 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 South American Crossing 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 undersea system. Last month, Global Crossing announced that it had expanded South American Crossing by 100 Gbps of transport capacity. Global Crossing in 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 Ltd. Headquartered in Florham Park, New Jersey, Global Crossing Ltd. (NASDAQ: GLBC) -- http://www.globalcrossing.com/ -- provides telecommunication services over the world's first integrated global IP-based network. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. The company filed for chapter 11 protection on Jan. 28, 2002 (Bankr. S.D.N.Y. Case No. 02-40188). When the Debtors filed for protection from their creditors, they listed US$25,511,000,000 in total assets and US$15,467,000,000 in total debts. Global Crossing emerged from chapter 11 on Dec. 9, 2003. Global Crossing's Latin American business has operations in Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Peru, Mexico, Venezuela and the United States (Florida). It also has operations in the United Kingdom. * * * At Sept. 30, 2007, Global Crossing Ltd.'s balance sheet showed total assets of US$2.6 billion, total debts of US$2.7 billion and a US$74 million stockholders' deficit. As reported in the Troubled Company Reporter-Latin America on Nov. 8, 2007, Global Crossing Ltd. said in a statement that its net loss increased 75% to US$89 million in the third quarter 2007, compared to US$51 million in the third quarter 2006. |
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