FLORHAM PARK, N.J.,
May 23, 2011 /PRNewswire/ -- Global
Crossing (NASDAQ: GLBC), a leading global IP solutions provider,
today announced it will expand its Global Crossing EtherSphere™
Virtual Private LAN Services (VPLS)
to more than 40 new locations in the
United States, Europe and
China by the end of 2011.
Global Crossing's EtherSphere family of Wide Area Network
(WAN) transport services – including multipoint-to-multipoint,
point-to-multipoint and point-to-point solutions (known to the
industry as VPLS E-LAN, EVPL and E-LINE, respectively) – is ideal
for interconnecting data centers and remote locations and is
especially beneficial for backup and disaster recovery
implementations. EtherSphere services are available today as
carrier and enterprise offers in North
America, Europe, the
United Kingdom, Asia and Latin
America.
"With this EtherSphere expansion, Global Crossing continues to
deliver on its commitment to create high-value Ethernet service
offerings for our customers," said Omar Altaji, Global Crossing's
managing director, Worldwide Carrier Services. "EtherSphere
is a proven service that brings the benefits of familiar LAN
technology to the wide area network. Equally important,
EtherSphere complements our MPLS IP VPN offer to leverage the
benefits of a Layer 2 service, such as routing control, with the
benefits of Layer 3 service, such as support for large numbers of
remote or mobile locations, in a hybrid network architecture."
EtherSphere's market leading features include flexible bandwidth
options from 1 Megabit per second (Mbps) to 2 Gigabits per second
(Gbps); up to six Classes of Service for prioritizing traffic to
maximize bandwidth use and efficiency; and a usage-based billing
component that accommodates irregular and unpredictable bandwidth
use.
EtherSphere's best-in-class smart demarcation for all customer
sites – with available end-to-end service level agreements (SLAs) –
mitigates and addresses many of the challenges associated with
applying traditional Ethernet technology to a WAN solution.
Smart demarcation ensures an optimal customer experience by
providing critical Ethernet operations, administration and
maintenance capabilities such as simplified test and turn up;
end-to-end fault and performance management; and optional services
for fault reporting.
"Global Crossing recognizes that end-to-end Ethernet service
management, administration and SLAs have become indispensible
capabilities for our customers to ensure optimal network
performance," said John Dobbins,
vice president of Transport and Infrastructure Product Management
at Global Crossing. "We're helping businesses get more return
on their network investments by enriching our comprehensive
portfolio of Ethernet WAN services and features."
EtherSphere expansion in North
America and Europe will be
in Global Crossing points of presence (PoPs) in key business
centers. Expansion in China
will be through Global Crossing's extended reach partner, CITIC
Telecom CPC Limited (formerly CPCNet). The companies plan to
deploy Global Crossing EtherSphere Layer 2 VPLS to business centers
in China.
Global Crossing EtherExtend services, which provide regional
local access for the EtherSphere solutions via multiservice edge
routers, already serve more than 150 locations in North America, Europe and the Asia-Pacific region. This new
EtherExtend service expansion will enable EtherSphere to reach more
customers in more locations around the world. EtherExtend
also provides a converged services connection supporting Global
Crossing's IP Virtual Private Network (IP VPN), Dedicated Internet
Access (DIA), Voice over IP (VoIP) and Communications as a Service
(CaaS).
Global Crossing's award-winning uCommand™ customer portal
directly provides 24x7 online access to provision, troubleshoot,
control, monitor, support, and manage the EtherSphere service.
This self-service portal is an integral component of the
company's customer experience initiative and a crucial resource
that supports the company's longstanding commitment to customer
satisfaction.
Global Crossing is a Tier 1 global Internet provider, offering
connectivity to all domains worldwide, optimizing traffic
routing.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ: GLBC) is a leading global IP, Ethernet,
data center and video solutions provider with the world's first
integrated global IP-based network. The company offers a full
range of data, voice, collaboration, broadcast and media services
delivered with superior customer service.
Global Crossing provides services to enterprises (including
approximately 40 percent of the Fortune 500); government
departments and agencies; and 700 carriers, mobile operators and
ISPs. It delivers converged IP services to more than 700 cities in
more than 70 countries, and has 17 world-class data centers in
major business centers around the globe.
Please visit www.globalcrossing.com for more information about
Global Crossing.
Website Access to Company Information
Global Crossing maintains a corporate website at
www.globalcrossing.com, and you can find additional information
about the company through the Investors pages on that website at
http://investors.globalcrossing.com. Global Crossing utilizes
its website as a channel of distribution of important information
about the company. Global Crossing routinely posts financial
and other important information regarding the company and its
business, financial condition and operations on the Investors web
pages.
Visitors to the Investors web pages can view and print copies of
Global Crossing's SEC filings, including periodic and current
reports on Forms 10-K, 10-Q, 8-K, and in respect of GCUK's Forms
20-F and 6-K, as soon as reasonably practicable after those filings
are made with the SEC. Copies of the charters for each of the
standing committees of Global Crossing's Board of Directors, its
Corporate Governance Guidelines, Ethics Policy, press releases and
analysts presentations are all available through the Investors web
pages.
Please note that the information contained on any of Global
Crossing's websites is not incorporated by reference in, or
considered to be a part of, any document unless expressly
incorporated by reference therein.
IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. The proposed amalgamation between
Level 3, Inc. ("Level 3") and Global Crossing Limited
("Global Crossing") announced on April 11,
2011 will be submitted to the stockholders of
Level 3 and the stockholders of Global Crossing for
their consideration. Level 3 and Global Crossing will
file a registration statement on Form S-4, a joint proxy
statement/prospectus and other relevant documents concerning the
proposed transaction with the SEC. Level 3 and Global
Crossing will each provide the final joint proxy
statement/prospectus to its respective stockholders.
Investors and security holders are urged to read the registration
statement and the joint proxy statement/prospectus and any other
relevant documents filed with the SEC when they become available,
as well as any amendments or supplements to those documents,
because they will contain important information about Level 3,
Global Crossing and the proposed transaction. Investors and
security holders will be able to obtain a free copy of the
registration statement and joint proxy statement/prospectus, as
well as other filings containing information about Level 3 and
Global Crossing free of charge at the SEC's Web Site at
http://www.sec.gov. In addition, the joint proxy
statement/prospectus, the SEC filings that will be incorporated by
reference in the joint proxy statement/prospectus and the other
documents filed with the SEC by Level 3 may be obtained free
of charge by directing such request to: Investor Relations,
Level 3, Inc., 1025 Eldorado Boulevard, Broomfield, Colorado 80021 or from
Level 3's Investor Relations page on its corporate
website at http://www.level3.com/ and the joint proxy
statement/prospectus, the SEC filings that will be incorporated by
reference in the joint proxy statement/prospectus and the other
documents filed with the SEC by Global Crossing be obtained free of
charge by directing such request to: Global Crossing by
telephone at (800) 836-0342 or by submitting a request by e-mail to
glbc@globalcrossing.com or a written request to the Secretary,
Wessex House, 45 Reid Street, Hamilton HM12 Bermuda or from Global Crossing's Investor
Relations page on its corporate website at
http://www.globalcrossing.com.
Level 3, Global Crossing and their respective directors,
executive officers, and certain other members of management and
employees may be deemed to be participants in the solicitation of
proxies in favor of the proposed transactions from the stockholders
of Level 3 and from the stockholders of Global Crossing,
respectively. Information about the directors and executive
officers of Level 3 is set forth in the proxy statement on
Schedule 14A for Level 3's 2011 Annual Meeting of
Stockholders, which was filed with the SEC on April 4, 2011 and information about the directors
and executive officers of Global Crossing is set forth in the proxy
statement for Global Crossing's 2011 Annual General Meeting of
Shareholders, which was filed with the SEC on April 29, 2011. Additional information regarding
participants in the proxy solicitation may be obtained by reading
the joint proxy statement/prospectus regarding the proposed
transaction when it becomes available.
This press release contains statements about expected future
events and financial results that are forward looking and subject
to risks and uncertainties that could cause the actual results to
differ materially, including: the failure to occur of any condition
to the closing of the acquisition of Global Crossing by Level 3 and
uncertainties as to the timing of the closing; the failure to
achieve or any delay in achieving expected synergies and other
financial benefits from the acquisition; changes in Global
Crossing's risk profile resulting from the acquisition; limitations
on Global Crossing's financial and operational flexibility that
arise under the covenants in the amalgamation agreement that could
restrict it from taking advantage of opportunities to strategically
enhance its business or improve its capital structure; delays or
reductions in purchases from Global Crossing by customers because
of their perceived uncertainty about its ability to meet their
needs after closing of the acquisition; disruptions in Global
Crossing's business due to current and prospective employees
experiencing uncertainty about their future roles with the company
and the diversion of their time and attention from ongoing business
operations; Global Crossing's history of substantial operating
losses and the fact that, in the near term, funds from operations
will not satisfy cash requirements; the availability of future
borrowings in an amount sufficient to pay Global Crossing's
indebtedness and to fund its other liquidity needs; legal and
contractual restrictions on the inter-company transfer of funds by
Global Crossing's subsidiaries; Global Crossing'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 Global Crossing's
Network Security Agreement with the U.S. Government; increased
competition and pricing pressures resulting from technology
advances and regulatory changes; competitive disadvantages relative
to competitors with superior resources; political, legal and other
risks due to Global Crossing's substantial international
operations; risks associated with movements in foreign currency
exchange rates; risks related to restrictions on the conversion of
the Venezuelan bolivar into U.S. dollars and to the resultant
buildup of a material excess bolivar cash balance, which is carried
on Global Crossing's books at the official exchange rate,
attributing to the bolivar a value that is significantly greater
than the value that would prevail on an open market; potential
weaknesses in internal controls of acquired businesses, and
difficulties in integrating internal controls of those businesses
with Global Crossing's own internal controls; exposure to
contingent liabilities; and other risks referenced from time to
time in Global Crossing'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
Richard.Larris@globalcrossing.com
Paula Vivo
Latin America
+ 55 11 3957 2424
Paula.Vivo@globalcrossing.com
Michael Schneider
UK and Europe
+44 1270 534204
Michael.Schneider@globalcrossing.com
Analysts/Investors Contact
Mark Gottlieb
+ 1 800 836 0342
glbc@globalcrossing.com
GEN/PR1
SOURCE Global Crossing