FLORHAM PARK, N.J.,
May 23, 2011 /PRNewswire/ -- As part
of the ongoing enhancement of its Global Partner Program (GPP) and
deepening of relationships with its regional service provider
partners, Global Crossing (NASDAQ: GLBC), a leading global IP
solutions provider, today announced it is enriching its Fast-Track
Services portfolio for service provider customers with the addition
of Global Crossing Connect Solutions integrated audio, web and
video conferencing services, as well as a newly enhanced uCommand
self-service portal.
The newly available unified communications solutions, called
Global Crossing Connect Solutions, are a family of applications
built on a scalable, standard application programming interface
(API) that enables a faster, integrated and seamless collaboration
experience. The downloadable applications – Global Crossing
Connect Desktop, Global Crossing Connect Mobile and Global Crossing
Connect Outlook Add-In – expand how customers can use Global
Crossing Ready-Access® and Global Crossing Web Meeting
collaboration services.
"Global Crossing Connect Solutions represent a strategic step in
our vision to provide a best-in-class collaboration experience for
our customers around the world, and reinforces GPP as an industry
leading partner program," said Omar Altaji, Global Crossing's
managing director, Worldwide Carrier Services. "Our global
IP-based platform enables us to be an influential player in the
development of leading-edge solutions that enhance the way the
world works and communicates."
Global Crossing's Global Partner Program gives regional service
providers the benefits of global reach, service expansion, reduced
time-to-market and the ability to build a network or add service
capabilities without significant investment. GPP serves more
than 70 partners across all regions of the globe, with whom Global
Crossing has established more than 160 Network-to-Network
Interconnects (NNIs). More than 1,200 enterprise
end-customers (global and regional Fortune 1000) are being served
by GPP.
Global Crossing Fast-Track Services portfolio combines the
business processes, products, services and system tools necessary
for service providers to quickly offer their enterprise customers
end-to-end global data solutions, backed by consistent and seamless
Service Level Agreements (SLAs).
Global Crossing Connect Desktop, Connect Mobile for handheld
devices and Connect Outlook Add-In integrate with calendar
applications and enable chairpersons and participants to host or
join Ready-Access audio and Web Meeting conferences with a single
click. Users also can store and bookmark recurring audio
conferences, make operator requests, and have the conference
automatically connect to them at the start time and access account
settings, all from the same location. The Global Crossing
conferencing platform is supported by 20 redundant audio
conferencing bridges across three continents.
"Conferencing solutions provide additional income potential for
our partners through a continuous stream of revenue, allowing
service providers to capitalize on fast-growing enterprise demand
for bundled audio/web communications," said Pete Bell, Global Crossing's recently appointed
senior vice president, Global Partner Program. "The GPP
Fast-Track product portfolio enables service providers to target
new customers or up-sell existing clients, and to minimize customer
churn and increase customer loyalty."
Based on customer input, Global Crossing also has recently
expanded its award-winning uCommand customer portal. uCommand
is Global Crossing's online account management tool that gives
customers access to network management and services. It
gives carrier customers the ability to price extended-reach
solutions that complement their on-net services for enterprise
clients.
The company recently has broadened the scope of uCommand to
support network management capabilities for its EtherSphere™ and
Wavelength services. The company also has simplified
administrative tasks, such as assigning permissions to and adding
customer users, which will speed and ease customers' abilities to
manage their networks through the portal. Global Crossing's
uCommand self-service portal is an integral component of the
company's customer experience initiative and a crucial resource
that supports the company's longstanding commitment to customer
satisfaction.
"The broadening and deepening of the product set available under
Global Crossing's Global Partner Program to include unified
communication and collaboration services as well as improved
uCommand portal functionality enable partners to bring these
services to market quickly and cost-effectively to meet their
customers' demands for leading edge global services," stated
Cindy Whelan, principal analyst at
Current Analysis for business and wholesale services. "In
turn, Global Crossing's partners augment the service provider's
direct sales efforts, providing another channel for the carrier to
acquire market share in the global enterprise service market."
Global Crossing Fast-Track Services drive incremental revenue
for a carrier by helping it provide additional opportunities to
enterprise customers that need out-of-region IP-based solutions,
such as Internet Protocol Virtual Private Network (IP VPN) service;
Ethernet services; Voice over Internet Protocol services;
International Private Line; Dedicated Internet Access; and On-Site
Support, as well as Collaboration services. As part of Global
Crossing Fast-Track Services, Global Crossing provides launch
support to carriers, including on-boarding and training, sales
collateral and dedicated partner team support, along with the tools
necessary to effectively deliver a positive customer
experience.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ: GLBC) is a leading global IP, Ethernet,
data center and video solutions provider with the world's first
integrated global IP-based network. The company offers a full
range of data, voice, collaboration, broadcast and media services
delivered with superior customer service.
Global Crossing provides services to enterprises (including
approximately 40 percent of the Fortune 500); government
departments and agencies; and 700 carriers, mobile operators and
ISPs. It delivers converged IP services to more than 700
cities in more than 70 countries, and has 17 world-class data
centers in major business centers around the globe.
Please visit www.globalcrossing.com for more information about
Global Crossing.
Website Access to Company Information
Global Crossing maintains a corporate website at
www.globalcrossing.com, and you can find additional information
about the company through the Investors pages on that website at
http://investors.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, 8-K, and in respect of GCUK's Forms
20-F and 6-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.
IMPORTANT INFORMATION FOR INVESTORS AND STOCKHOLDERS
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval. The proposed amalgamation between
Level 3, Inc. ("Level 3") and Global Crossing Limited
("Global Crossing") announced on April 11,
2011 will be submitted to the stockholders of
Level 3 and the stockholders of Global Crossing for
their consideration. Level 3 and Global Crossing will
file a registration statement on Form S-4, a joint proxy
statement/prospectus and other relevant documents concerning the
proposed transaction with the SEC. Level 3 and Global
Crossing will each provide the final joint proxy
statement/prospectus to its respective stockholders.
Investors and security holders are urged to read the registration
statement and the joint proxy statement/prospectus and any other
relevant documents filed with the SEC when they become available,
as well as any amendments or supplements to those documents,
because they will contain important information about Level 3,
Global Crossing and the proposed transaction. Investors and
security holders will be able to obtain a free copy of the
registration statement and joint proxy statement/prospectus, as
well as other filings containing information about Level 3 and
Global Crossing free of charge at the SEC's Web Site at
http://www.sec.gov. In addition, the joint proxy
statement/prospectus, the SEC filings that will be incorporated by
reference in the joint proxy statement/prospectus and the other
documents filed with the SEC by Level 3 may be obtained free
of charge by directing such request to: Investor Relations,
Level 3, Inc., 1025 Eldorado Boulevard, Broomfield, Colorado 80021 or from
Level 3's Investor Relations page on its corporate
website at http://www.level3.com/ and the joint proxy
statement/prospectus, the SEC filings that will be incorporated by
reference in the joint proxy statement/prospectus and the other
documents filed with the SEC by Global Crossing be obtained free of
charge by directing such request to: Global Crossing by
telephone at (800) 836-0342 or by submitting a request by e-mail to
glbc@globalcrossing.com or a written request to the Secretary,
Wessex House, 45 Reid Street, Hamilton HM12 Bermuda or from Global Crossing's Investor
Relations page on its corporate website at
http://www.globalcrossing.com.
Level 3, Global Crossing and their respective directors,
executive officers, and certain other members of management and
employees may be deemed to be participants in the solicitation of
proxies in favor of the proposed transactions from the stockholders
of Level 3 and from the stockholders of Global Crossing,
respectively. Information about the directors and executive
officers of Level 3 is set forth in the proxy statement on
Schedule 14A for Level 3's 2011 Annual Meeting of
Stockholders, which was filed with the SEC on April 4, 2011 and information about the directors
and executive officers of Global Crossing is set forth in the proxy
statement for Global Crossing's 2011 Annual General Meeting of
Shareholders, which was filed with the SEC on April 29, 2011. Additional information regarding
participants in the proxy solicitation may be obtained by reading
the joint proxy statement/prospectus regarding the proposed
transaction when it becomes available.
This press release contains statements about expected future
events and financial results that are forward looking and subject
to risks and uncertainties that could cause the actual results to
differ materially, including: the failure to occur of any condition
to the closing of the acquisition of Global Crossing by Level 3 and
uncertainties as to the timing of the closing; the failure to
achieve or any delay in achieving expected synergies and other
financial benefits from the acquisition; changes in Global
Crossing's risk profile resulting from the acquisition; limitations
on Global Crossing's financial and operational flexibility that
arise under the covenants in the amalgamation agreement that could
restrict it from taking advantage of opportunities to strategically
enhance its business or improve its capital structure; delays or
reductions in purchases from Global Crossing by customers because
of their perceived uncertainty about its ability to meet their
needs after closing of the acquisition; disruptions in Global
Crossing's business due to current and prospective employees
experiencing uncertainty about their future roles with the company
and the diversion of their time and attention from ongoing business
operations; Global Crossing's history of substantial operating
losses and the fact that, in the near term, funds from operations
will not satisfy cash requirements; the availability of future
borrowings in an amount sufficient to pay Global Crossing's
indebtedness and to fund its other liquidity needs; legal and
contractual restrictions on the inter-company transfer of funds by
Global Crossing's subsidiaries; Global Crossing's ability to
continue to connect its network to incumbent carriers' networks or
maintain Internet peering arrangements on favorable terms; the
consequences of any inadvertent violation of Global Crossing's
Network Security Agreement with the U.S. Government; increased
competition and pricing pressures resulting from technology
advances and regulatory changes; competitive disadvantages relative
to competitors with superior resources; political, legal and other
risks due to Global Crossing's substantial international
operations; risks associated with movements in foreign currency
exchange rates; risks related to restrictions on the conversion of
the Venezuelan bolivar into U.S. dollars and to the resultant
buildup of a material excess bolivar cash balance, which is carried
on Global Crossing's books at the official exchange rate,
attributing to the bolivar a value that is significantly greater
than the value that would prevail on an open market; potential
weaknesses in internal controls of acquired businesses, and
difficulties in integrating internal controls of those businesses
with Global Crossing's own internal controls; exposure to
contingent liabilities; and other risks referenced from time to
time in Global Crossing'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 Contacts
Richard Larris
+ 1 973 937 0153
Richard.Larris@globalcrossing.com
Paula Vivo
Latin America
+ 55 11 3957 2424
Paula.Vivo@globalcrossing.com
Michael Schneider
UK and Europe
+44 1270 534204
Michael.Schneider@globalcrossing.com
Analysts/Investors Contact
Mark Gottlieb
+ 1 800 836 0342
glbc@globalcrossing.com
GEN/PR1
SOURCE Global Crossing