Statement of Changes of Beneficial Ownership

FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

INMOBILIARIA CARSO S A DE C V 		2. Issuer Name and Ticker or Trading Symbol

GLOBAL CROSSING LTD [ GLBC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
Affiliates - see Exhibit 99-1
(Last)          (First)          (Middle)

AVENIDA INSURGENTES SUR # 3500, COLONIA PENA POBRE DELEGACION TLALPAN 		3. Date of Earliest Transaction (MM/DD/YYYY)

4/18/2006
(Street)

MEXICO D.F., O5 14060
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 par value per share("GLBC Shares")   4/18/2006     S    300   D $24.75   2790700   D    
GLBC Shares   4/18/2006     S    205   D $24.76   2790495   D    
GLBC Shares   4/18/2006     S    100   D $24.77   2790395   D    
GLBC Shares   4/18/2006     S    200   D $24.79   2790195   D    
GLBC Shares   4/18/2006     S    25101   D $24.80   2765094   D    
GLBC Shares   4/18/2006     S    394   D $24.81   2764700   D    
GLBC Shares   4/18/2006     S    36700   D $24.83   2728000   D    
GLBC Shares   4/18/2006     S    800   D $24.84   2727200   D    
GLBC Shares   4/18/2006     S    38999   D $24.85   2688201   D    
GLBC Shares   4/18/2006     S    128   D $24.86   2688073   D    
GLBC Shares   4/18/2006     S    25200   D $24.87   2662873   D    
GLBC Shares   4/18/2006     S    200   D $24.88   2662673   D    
GLBC Shares   4/18/2006     S    300   D $24.89   2662373   D    
GLBC Shares   4/18/2006     S    85943   D $24.90   2576430   D    
GLBC Shares   4/18/2006     S    200   D $24.91   2576230   D    
GLBC Shares   4/18/2006     S    100   D $24.92   2576130   D    
GLBC Shares   4/18/2006     S    200   D $24.93   2575930   D    
GLBC Shares   4/18/2006     S    300   D $24.94   2575630   D    
GLBC Shares   4/18/2006     S    16930   D $24.95   2558700   D    
GLBC Shares   4/18/2006     S    100   D $24.96   2558600   D    
GLBC Shares   4/18/2006     S    600   D $24.97   2558000   D    
GLBC Shares   4/18/2006     S    100   D $24.98   2557900   D    
GLBC Shares   4/18/2006     S    600   D $24.99   2557300   D    
GLBC Shares   4/18/2006     S    300   D $25.00   2557000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:

Remarks:
See attached Exhibit 99-1 to the Form 4, which is hereby incorporated herein by reference.

See the Powers of Attorney filed as exhibits to the Form 3 with the U.S. Securities and Exchange Commission on
March 29, 2004, which are hereby incorporated herein by reference.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
INMOBILIARIA CARSO S A DE C V
AVENIDA INSURGENTES SUR # 3500
COLONIA PENA POBRE DELEGACION TLALPAN
MEXICO D.F., O5 14060
X
Affiliates - see Exhibit 99-1

Signatures
/s/ Eduardo Valdes Acra, Attorney-in-Fact 4/20/2006
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 

Exhibit 99-1

 

Name and Address of Additional Reporting Persons :

 

Mr. Carlos Slim Helú, Mr. Carlos Slim Domit, Mr. Marco Antonio Slim Domit, Mr. Patrick Slim Domit, Ms. María Soumaya Slim Domit, Ms. Vanessa Paola Slim Domit and Ms. Johanna Monique Slim Domit (collectively, the “Slim Family”), each with the following address:

 

Paseo de Las Palmas #736

Colonia Lomas de Chapultepec,

11000 México, D.F., México

 

Explanation of Responses :

 

Inmobiliaria beneficially owns directly 2,557,000 GLBC Shares as of April 18, 2006.

 

The members of the Slim Family are beneficiaries of a Mexican trust which in turn owns substantially all of the issued and outstanding voting securities of Inmobiliaria. As a result, each member of the Slim Family may be deemed to have indirect beneficial ownership of the 2,557,000 GLBC Shares beneficially owned directly by Inmobiliaria.

 

   

 

 

 

Signature Page

 

                                                                

 

Carlos Slim Helú

 

                                                                

 

Carlos Slim Domit

By: /s/ Eduardo Valdés Acra  

                                                                

Eduardo Valdés Acra

Marco Antonio Slim Domit

Attorney-in-Fact

                                                                

          April 20, 2006  

Patrick Slim Domit

 

                                                                

 

María Soumaya Slim Domit

 

                                                                

 

Vanessa Paola Slim Domit

 

                                                                

 

Johanna Monique Slim Domit

 

 

 

INMOBILIARIA CARSO, S.A. DE C.V.  

 

                                                                  

 

By: Armando Ibañez Vazquez  

 

Title: Attorney-in-Fact