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Press Release

Global Crossing Announces Conference Call for Third Quarter Financial Results

Florham Park, NJ - October 30, 2006 -- Global Crossing (NASDAQ: GLBC) will conduct a conference call on Thursday, November 9, 2006 at 9:00 a.m. EDT. CEO John Legere and CFO Jean Mandeville will discuss financial results for the third quarter of 2006.

The call may be accessed by dialing +1 212 676 5270 or +44 (0) 870 001 3146. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT start time. The call will also be Webcast at http://investors.globalcrossing.com/events.cfm.

A replay of the call will be available on Thursday, November 9, 2006 beginning at 11:00 a.m. EST and will be accessible until Thursday, November 16, 2006 at 11:00 a.m. EDT. To access the replay, North American callers should dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21307863. Callers in the United Kingdom should dial +44 (0) 870 000 3081 or 0800 692 0831 and enter reservation number 21307863.

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 in 29 countries worldwide, and delivers services to more than 600 cities in 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 Solutions and Global Crossing VoIP services, to 36 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs.

Please visit www.globalcrossing.com for more information about Global Crossing.

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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 the company'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 Contact

Becky Yeamans
+ 1 973 937 0155
PR@globalcrossing.com

Analysts/Investors Contact

Laurinda Pang
+ 1 800 836 0342
glbc@globalcrossing.com

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