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FLORHAM PARK, N.J., Feb. 8 /PRNewswire-FirstCall/ -- Global Crossing (NASDAQ:GLBC) today announced a new agreement with Telstra Incorporated (NYSE:TLS), the U.S. subsidiary of the global carrier, Telstra Corporation Limited, Australia's leading telecommunications and information services company. By leveraging Global Crossing's Fast-Track(TM) services, Telstra can immediately commercialize its offer to enterprises in critical markets in the Americas, bypassing expensive and time-consuming network build-outs. "Telstra's confidence in Global Crossing clearly demonstrates the exceptional value and revenue realization opportunities our Global Partner Program delivers," said Ted Higase, Global Crossing's executive vice president, worldwide carrier services. We're confident they'll leverage our global capabilities, dedicated sales teams and state-of-the-art services to their best advantage." Designed for service providers targeting enterprise customers with globally available, scalable and secure solutions, Global Crossing's Fast- Track portfolio enables global partners to differentiate themselves and compete more effectively. "Telstra has enjoyed a longstanding relationship with Global Crossing in the U.S. and Latin America, and we look forward to expanding that relationship to other regions of the world," said Andrew Morawski, Telstra Incorporated's senior vice president, sales and marketing. "Our success depends on providing customers with seamless, end-to-end services, and this partnership highlights our ongoing focus on serving customers effectively and transparently, anywhere they do business." Global Crossing's Fast-Track services, provided to partners through its Global Partners Program (GPP), is a portfolio of enterprise focused business solutions which enables service providers to increase their speed to market and revenue realization by expanding their geographic reach, broadening their range of converged IP service offerings, and providing a unified experience to customers around the world. Global partners utilizing Fast-Track leverage a range of support services to quickly drive customer acquisition and maximize revenues, including dedicated account executives, solutions engineers, and service and delivery managers who manage business opportunities with their partners as a single team. Global Crossing's Intelligent Front Office (IFO) delivers advanced e-bonding capabilities for its customers and partners, meeting their changing business needs with greater operational ease, flexibility and transparency, and simplifying geographic expansion and service delivery. A recognized industry leader and innovator, Global Crossing received Capacity's 2005 "Best Global Wholesale Provider" award for its outstanding customer service, network availability and suite of services. The company's multi-gigabit fiber optic network recently supported the world record in international visualization, a 19.5 Gbps stream between Amsterdam, the Netherlands, and San Diego, California, carrying a single application showing actual scientific content. This announcement is part of an ongoing relationship between the two service providers. As part of this arrangement, Telstra is providing Global Crossing with dedicated private line connectivity and a range of managed services at the core backbone level throughout the Asia Pacific region, enhancing Global Crossing's capabilities in the region. Drew Kelton, managing director, Telstra Global Business, added, "We're confident that this relationship will bloom into a highly strategic arrangement over time. We already have inter-connects with Global Crossing and the GPP provides us with a massive opportunity to collaborate and provide even greater added value services to our customers." ABOUT GLOBAL CROSSING Global Crossing (NASDAQ:GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities and 30 countries worldwide, and delivers services to more than 600 cities, 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 managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Services and Global Crossing VoIP services, to 36 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Please visit http://www.globalcrossing.com/ for more information about Global Crossing. ABOUT TELSTRA INCORPORATED Telstra Incorporated is the US subsidiary of the Australian-based Tier 1 global carrier, Telstra Corporation Limited. Telstra Corporation Limited (NYSE:TLS) is Australia's leading domestic and global full service telecommunications provider and the operator of one of the most diversely routed IP backbone networks in the Asia Pacific region. Telstra owns one of the most technologically advanced global networks, offering an extensive portfolio of state-of-the-art solutions to global customers including voice, mobile, broadband, IP, MPLS and managed services. Telstra provides innovative solutions to 200 of the world's top 500 companies in the Asia Pacific, Latin America, North America and Europe. For further information visit: http://www.telstra-usa.com/. 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 Global Crossing's filings with the Securities and Exchange Commission. The company undertakes no duty to update information contained in this press release or in other public disclosures at any time. CONTACT GLOBAL CROSSING: Press Contacts Catherine Berthier + 1 646-862-8514 Kendra Langlie Latin America + 1 305 808 5912 Analysts/Investors Contact Laurinda Pang + 1 800 836 0342 CONTACT TELSTRA: Press Contact Tricia GaNun + 1 917-945-0516 DATASOURCE: Global Crossing CONTACT: Press: Catherine Berthier, +1-646-862-8514, , or Kendra Langlie, Latin America, +1-305-808-5912, , Analysts-Investors: Laurinda Pang, 1-800-836-0342, , both of Global Crossing; or Tricia GaNun of Telstra, +1-917-945-0516, Web site: http://www.globalcrossing.com/ http://www.telstra-usa.com/

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