<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported) February 3, 1999
________________
GLOBAL CROSSING LTD.
________________________________________________________
(Exact Name of Registrant as Specified in Charter)
Bermuda 000-24565 98-0189783
____________________________ ___________ ___________________
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Wessex House, 45 Reid Street, Hamilton HM12 Bermuda
________________________________________________________________________________
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (441) 296-8600
______________
NOT APPLICABLE
________________________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
================================================================================
Item 5. Other Events.
On February 3, 1999, the Registrant issued the press release attached as
Exhibit 99.1 to this Current Report on Form 8-K.
Item 7. Exhibits.
The following exhibit is filed as part of this Current Report on
Form 8-K:
Exhibit Number Exhibit
- ---------------- -------
99.1 Press Release of the Registrant, dated February 3, 1999
2
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GLOBAL CROSSING LTD.
(Registrant)
/s/ Dan J. Cohrs
____________________________
Dan J. Cohrs
Senior Vice President and
Chief Financial Officer
Date: February 3, 1999
3
<PAGE>
EXHIBIT 99.1
Global Crossing Ltd. Announces 2 for 1 Stock Split
HAMILTON, Bermuda, February 3, 1999 -- Global Crossing Ltd. (Nasdaq, BSX: GBLX),
the owner and operator of the world's first independent global fiber optic
network, today announced that its Board of Directors has declared a two-for-one
split of the Company's common stock in the form of a stock dividend.
On March 9, 1999, each stockholder will receive one additional share for each
share owned on the record date of February 16, 1999. Following the March 9th
distribution of the stock dividend, Global Crossing will have approximately 411
million shares outstanding.
About Global Crossing
Global Crossing is building and operating the world's first independent global
fiber optic network. Global Crossing's operations are headquartered in Hamilton,
Bermuda, with holding company headquarters in Los Angeles, and offices in
Morristown, New Jersey; San Francisco; Miami; London; Amsterdam; and Buenos
Aires.
# # #
Statements made in this press release that state the Company's or management
intentions, beliefs, expectations or predictions for the future are
forward-looking statements. It is important to note that the Company's actual
results could differ materially from those projected in such forward-looking
statements. Information concerning factors that could cause actual results to
differ materially from those in the forward-looking statements is contained from
time to time in the Company's filings with the U.S. Securities and Exchange
Commission (SEC). Copies of these filings may be obtained by contacting the
Company or the SEC.
Investors and analysts may contact: Jenson Chow 310/385-5270 or 310/385-5283
E-mail: [email protected] Reporters and editors may contact:
Tom Goff 310/385-5231 E-mail: [email protected]
FOR MORE INFORMATION ABOUT GLOBAL CROSSING, VISIT OUR WEBSITE:
www.globalcrossing.bm
