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TheStreet Open House

Global Crossing Receives Request For Second Review In Connection With Proposed Acquisition By Level 3

FLORHAM PARK, N.J., July 12, 2011 /PRNewswire/ -- Global Crossing Limited ("Global Crossing") (NASDAQ: GLBC) announced today that it and Level 3 Communications, Inc. ("Level 3") (NASDAQ: LVLT) have received from the U.S. Department of Justice a request for additional information (commonly referred to as a "second request") under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to Level 3's previously-announced acquisition of Global Crossing.  Global Crossing intends to respond to the second request appropriately. 

Global Crossing continues to expect that the transaction will close on the previously announced schedule.

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.

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