* Seamless fiber optic capacity and services now available from Sao Paulo and Rio de Janeiro to North America, Europe and Asia
* First seamless fiber optic link from Brazil to North America, Europe and Asia
* High-capacity link with Argentina complete and operational; network will connect virtually every major city in the Americas

RIO DE JANEIRO AND MIAMI - November 20, 2000 - Global Crossing Ltd. (NYSE:GX), which is building and offering services over the world's most extensive global IP-based fiber optic network, today announced that it has commenced service of its network in Brazil, connecting the cities of Rio de Janeiro and Sao Paolo. With this development Global Crossing becomes the first company to connect Brazil to North America, Europe and Asia over one seamless fiber optic network.
"We are extremely pleased to announce the completion of another vital link in our global fiber optic network, which will provide Brazil with unprecedented connectivity to more than 200 major cities worldwide," said Tom Casey, chief executive officer of Global Crossing. "The connection of Brazil, coupled with the addition of Argentina just last week, illustrates how rapidly Global Crossing is linking the world's major telecommunications markets, creating a one-of-a-kind, seamless network for the new millennium." The high-capacity network Global Crossing has brought to Brazil will enable a variety of new services and bandwidth-intensive applications such as telemedicine, distance learning, and streaming audio and video. End users will also benefit through faster Internet connections and downloads.

In addition to its fiber optic network resources in Brazil, Global Crossing has sales and administrative offices, and technical facilities in Rio de Janeiro, Sao Paolo and Fortaleza. Global Crossing was awarded a license to operate in Brazil by the Agência Nacional de Telecomunicações (ANATEL) in May 2000.  "We are very proud to be in a position to offer this next-generation infrastructure to Brazil, where we expect to play a major role in the positive economic developments taking place in the country," said Joseph A. Guzman, Global Crossing's chief operating officer for Latin America and the Caribbean. "We would like to extend our gratitude to Pimenta da Veiga, Minister of Communication of Brazil, Renato Guerreiro, President of ANATEL, and Luiz Perrone, council member of ANATEL, for their leadership and assistance in making our network possible for Brazil and its people."

Global Crossing is providing service to a number of major telecommunications companies that are using the global network for transmission between Brazil and a number of major cities worldwide. Among those customers presently activated on the network are Impsat Fiber Networks, AT&T Latin America Corp., Sita Equant, Sola Communications, PSINet and Techtel.

About Global Crossing
Global Crossing Ltd. (NYSE: GX) is building and offering services over the world's most extensive global IP-based fiber optic network, which will have more than 101,000 route miles, serving five continents, 27 countries and more than 200 major cities. Global Crossing's operations are headquartered in Hamilton, Bermuda, with principal offices in Los Angeles, California; London, England; Amsterdam, The Netherlands; Madison, New Jersey; Rochester, New York; Dublin, Ireland; and Miami, Florida. Visit Global Crossing at www.globalcrossing.com on the Web.
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Statements made in this press release that state the Company's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.

Press Contacts:
In the U.S.
Teresa Mueller
Global Crossing
+1 305 808 5947
tmmueller@globalcrossing.com

Alex Armas
Edelman Public Relations
+ 1 305 358 7643
alex.armas@edelman.com 

In Brazil
Fabiana Jacomini
Edelman Public Relations Worldwide - Brazil
+ 011 5511 3017 5300, x. 256
marcio.gaspar@edelman.com 

Analysts / Investors:
Ken Simril
Global Crossing
+1 310 385 5200
investors@globalcrossing.com

Teresa M. Mueller
Public Relations Manager, South America
Global Crossing
1221 Brickell Avenue
Suite 1650
Miami, FL 33131
Phone: (305) 808-5900
Fax: (305) 392-5505
Mobile: (954) 253-2723
E-mail: tmmueller@globalcrossing.com