FLORHAM PARK, N.J., Feb. 8, 2011 /PRNewswire/ -- Global Crossing (NASDAQ:GLBC - News), a leading IP solutions provider with the world's first integrated global IP-based network, today announced that the broadcast and media services offered by its Global Crossing Genesis Solutions unit are available across its high-performance IP network in Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Peru, Mexico, Venezuela and the Caribbean region.
"The Latin American region represents a vast market opportunity for sports, entertainment and event programming," said Mike Antonovich, managing director of Global Crossing Genesis Solutions. "We're excited to offer solutions that support both standard- and high-definition video programming from points all over the globe to Latin America, as well as Latin American-based programming out to the rest of the world."
Global Crossing Genesis Solutions' timing could not be better. As Latin America prepares to host the 2011 Pan American games in Guadalajara, Mexico; the 2014 FIFA World Cup in Brazil; and the 2016 Summer Olympics in Rio de Janeiro; the high-definition television subscriber market is experiencing rapid growth in this part of the world. In fact, according to Dataxis, a leading global market research company focused on the television, cable and satellite industries, the number of high-definition television subscribers in Latin America grew from 215,000 in 2009 to more than 3,000,000 in 2010, an impressive growth rate of 1,327%. This represents a market opportunity for Global Crossing Genesis Solutions and enables Global Crossing's high-performance global network to help customers provide high-definition programming in and out of the region.
Today's announcement demonstrates how Global Crossing Genesis Solutions is leveraging Global Crossing's existing Latin American high-performance network to provide superior quality, reliability and flexibility in the managed media solutions available to broadcasters and programmers. In addition, Global Crossing's existing 15 world-class data centers in the region, customer-centric managed services and fully redundant network ring around Latin America instantly differentiates Global Crossing Genesis Solutions' offer by providing a full range of reliable media solutions to support occasional-use, special-events and full-time video distribution, including the leveraging of data centers for managed video play out services and streaming applications.
Global Crossing Genesis Solutions uses a proprietary customer interface called uCommand/IRIS, which provides a unique "on-demand" capability that gives customers direct access and control over their global media distribution network and enables self-provisioning and monitoring of all aspects of their transmission services.
Global Crossing Genesis Solutions is an innovator in high-performance, rich-media and video based solutions serving the world's major broadcasters, producers and aggregators of specialized programming. As a leader in the broadcast video over IP solutions market, this unit of Global Crossing employs a purpose-built network. Global Crossing Genesis Solutions' global customer base comprises some of the most recognizable broadcast and program distributors in the world, including leading sports networks, news broadcasters, sports rights holders, news agencies and international broadcasters. It also has provided media-centric services for numerous sporting and special events.
To learn more about Global Crossing Genesis Solutions, please visit http://www.globalcrossing.com/genesis/genesis_landing.aspx.
ABOUT GLOBAL CROSSING
Global Crossing (NASDAQ:GLBC - News) 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.
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.
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