Global Crossing to Participate in Citi's Annual Entertainment, Media and Telecommunications Conference

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Florham Park, N.J. - December 30, 2008-- Global Crossing (NASDAQ: GLBC), a leading global IP solutions provider, today announced that it will participate in Citi's 19th Annual Entertainment, Media, and Telecommunications ("EMT") Conference being held from January 6 through January 8, 2009. Industry trends and Global Crossing's strategy and financial performance are scheduled to be discussed on January 7, from 2:00 p.m. to 2:35 p.m. MST.

A webcast of the presentation will be posted atinvestors.globalcrossing.com/events.cfm.

Citi's 19th Annual Entertainment, Media and Telecommunications ("EMT") Conference will be held at The Arizona Biltmore in Phoenix, Arizona.

ABOUT GLOBAL CROSSING

Global Crossing (NASDAQ: GLBC) is a leading global IP solutions provider with the world's first integrated global IP-based network. The company offers a full range of secure data, voice, and video products to approximately 40 percent of the Fortune 500, as well as to 700 carriers, mobile operators and ISPs. It delivers services to more than 690 cities in more than 60 countries and six continents around the globe.

Website Access to Company Information

Global Crossing maintains a corporate website atwww.globalcrossing.com, and you can find additional information about the company through the Investors pages on that website atinvestors.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 and 8-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.

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CONTACT GLOBAL CROSSING:

Press Contacts

Michael Schneider
+ 1 973 937 0146

michael.schneider@globalcrossing.com

Analysts/Investors Contact

Suzanne Lipton
+ 1 800 836 0342

glbc@globalcrossing.com

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