http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-09-2004/0002399891&EDATE=
http://www.globalcrossing.com
FLORHAM PARK, N.J., Nov. 9 /PRNewswire-FirstCall/ -- Global Crossing
(Nasdaq: GLBC) issued the following statement, which should be
attributed to John Legere, CEO, on the Federal Communications
Commission's declaratory ruling today.
"We are pleased that the FCC is continuing its efforts to regulate
VoIP services with a 'light touch.' We believe this approach will
foster continued innovation and investment in IP networks and
services.
"The ever-quickening acceleration of technological change in the
telecommunications industry demands a regulatory process that is
swift, efficient and final."
As the industry evolves towards an IP environment, Global Crossing
recommends its REFORM agenda to begin adapting today's regulatory
tools to tomorrow's regulatory challenges. Global Crossing's REFORM
agenda is comprised of six pillars:
* Rationalizing inter-carrier compensation.
* Establishing a swift and efficient dispute resolution forum.
* Formulating clear and simple rules and regulations.
* Overhauling universal service.
* Redefining public interest obligations.
* Maintaining authority over essential bottleneck facilities
The company believes that the few simple rules and safeguards outlined
by REFORM will provide for a largely deregulated environment that will
benefit both consumers and the telecommunications industry as a whole.
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 500 major cities, 50 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 more than 40
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.
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
SOURCE Global Crossing
Web Site: http://www.globalcrossing.com
Lisa Minter (lisa_minter2001@yahoo.com)