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Argentina’s RETINA Now Connected to AMPATH and I2 Networks through the Global Crossing Infrastructure

Miami and Washington D.C. – December 18, 2001- Global Crossing Ltd. (NYSE: GX), Internet2 and Florida International University (FIU) are pleased to announce that as of November 28, 2001 Argentina’s academic research institutions - RETINA (RED TeleINformática Académia) is connected to AMPATH and the Internet2 Abilene high-performance research and education networks.. The donation of a DS3 (45 Mbps) of capacity is being provided by Global Crossing, which developed the program Americas Path (AMPATH) in conjunction with Florida International University, to help connect universities and research centers in Latin America and the Caribbean that are already using technology to advance education and development.

“Global Crossing is pleased to donate the capacity and equipment to RETINA to facilitate the free flow of information for institutions throughout Argentina,” said Luisa Cerar, vice president and managing director, Southern Cone, Global Crossing. “This capacity will level the playing field for academic research centers in our country and will enable the exchange of ideas and information, which is so critical to the social and economic development of Latin America.”

In addition to the donated capacity, RETINA will also receive other donated equipment and telecom space from Global Crossing in Buenos Aires. To date, Global Crossing has donated 10 45 Megabits per second (Mbps) DS3 circuits to FIU’s AMPATH project, enabling the interconnection of more than 250 universities and research organizations in Latin America and the Caribbean to the U.S. and non-U.S. National Research and Education Networks using Internet2’s Abliene network and STAR TAP.

Government officials in Argentina lauded the philanthropic initiative and pledged support for the continuing development of technologies that benefit all sectors.

"Argentina continues to be at the forefront of technology and education, supporting efforts by the public and private sector to provide scholars and researchers with the best tools to learn, communicate and succeed in today's world, " stated Henoch Aguiar, Argentina's Secretary of Communications. "I would like to personally extend my gratitude to Global Crossing for providing this valuable donation that will benefit many Argentines throughout the country for many years to come."

Other research institutions/universities that are involved in AMPATH are Rede Nacional de Ensino e Pesquisa Centro de Informações (RNP) in Brazil, Red Universitaria Nacional (REUNA) in Chile, La Secretaría Nacional de Ciencia, Tecnología e Innovación (SENACYT) in Panama, Red Academica de Centros de Investigacion y Universidades Nacionales (REACCUIN) in Venezuela, Corporacion Universitaria para el Desarrollo de Internet (CUDI) in Mexico, Centro De Investigacion De Las Telecommunications (CINTEL) in Colombia and Red Cientifica Peruana (RCP) in Peru.

“FIU is proud to have RETINA in our high-performance AMPATH network,” said FIU Provost Mark B. Rosenberg. “Argentina has an excellent educational system and enhancing its communication with other research universities will only work to enrich the development of all participating educational institutions in the country and throughout the region.”

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ABOUT GLOBAL CROSSING

Global Crossing Ltd. (NYSE:GX) provides telecommunications solutions over the world's first integrated global IP-based network, which reaches 27 countries and more than 200 major cities around the globe. Global Crossing serves many of the world's largest corporations, providing a full range of managed data and voice products and services. Global Crossing operates throughout the Americas and Europe, and provides services in Asia through its subsidiary, Asia Global Crossing (NYSE:AX ). Global Crossing Solutions provides integrated telecommunications solutions, including network outsourcing, to large global enterprises. Please visit www.globalcrossing.com <http://www.globalcrossing.com> or www.asiaglobalcrossing.com for more information.

ABOUT FIU

FIU, Miami's public research university, educates more than 32,000 students on campuses throughout South Florida and Latin America. It is the only public university in Florida with both a Phi Beta Kappa chapter and the Carnegie Foundation's top rating for research universities. Over the past three years, its sponsored research program is the fastest-growing of any research university in the state. FIU delivers high-quality education and training, conducts and promotes research to enhance Florida's role as a leader in telecommunications and information technology, offers training necessary to fostering business development and workforce preparedness and promotes technology transfer to enhance enabling technologies for the telecommunications and information technology industries. More information about FIU can be found at www.fiu.edu and www.ampath.fiu.edu.

ABOUT RETINA

RETINA (REd TeleINformática Académica) is the academic tele-informatic network for universities in the Americas. The project was initiated by the Civil Science Association (Asociación Civil Ciencia Hoy) with the overall objective to facilitate the integration of academic networks already in existence and promote these new communication technologies on behalf of researchers, teachers and persons linked to academia. These institutions integrate with RETINA signing an agreement by which they establish among other things the cooperative character of the network and its use outside of the commercial sector. More information can be found at www.retina.ar.

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; possible reductions in demand for our products and services due to competition or changes in industry conditions; 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.

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