"We are pleased to have received Court approval on a buyer protection motion that was supported by Global Crossing and its creditors."

"While this is the first step in the process, it provides the necessary framework to work towards a definitive agreement with Global Crossing that provides value for its creditors, customers and employees. It is our goal to work with the company's management and creditors to facilitate a reorganization of the business as quickly as possible in order to ensure continued service to Global Crossing's customers."

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