Company Press Release

FOR RELEASE June 21, 2002

Startec Contact:
Prabhav V. Maniyar                                                                                                            Chief
Financial Officer
(301) 610-4300

                      Startec Files Plan of Reorganization


POTOMAC, MD - June 21, 2002 - Startec Global Communications Corporation (OTC
Bulletin Board: STGCE.OB) today announced that on June 14, 2002 it filed,
together with its subsidiaries Startec Global Operating Company and Startec
Global Licensing Company, a Debtors' Joint Plan of Reorganization (the "Plan")
with the U.S. Bankruptcy Court for the District of Maryland, Greenbelt Division.

The Plan as proposed provides for the settlement of all claims against the
Company and its co-debtors, and for distributions to certain classes of secured
and unsecured creditors. The Plan does not, however, provide for any
distributions to existing equity holders. If the Plan is approved as submitted,
all shares of common stock in Startec Global Communications Corporation will be
extinguished.

Upon submission to and approval by the Bankruptcy Court of the Disclosure
Statement, the Company and its co-debtors will formally solicit votes from their
creditors to approve the Plan.

ABOUT STARTEC:

Startec Global Communications Corporation is a facilities-based provider of
Internet Protocol ("IP") communication services, including voice, data and
Internet access. Startec markets its services to ethnic residential communities
located in major metropolitan areas, and to enterprises, international
long-distance carriers and Internet service providers transacting business in
the world's emerging economies. The Company, through its subsidiaries, provides
services through a flexible network of owned and leased facilities, operating
and termination agreements, and resale arrangements. The Company has an
extensive network of IP gateways, domestic switches, and ownership in undersea
fiber-optic cables.



SAFE HARBOR CAUTION:

Other than historical information contained herein, certain statements in this
release are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1994. Forward-looking statements in this
release such as statements regarding our expectations of annualized operating
profit improvements and expectations of remaining EBITDA positive and becoming
cash flow positive and statements regarding the availability of additional
financing and possibly restructuring the Senior Notes involve a number of risks
and uncertainties, including, but not limited to, reductions in revenue due to
reduction in circuit-switched traffic; changes in market conditions; government
regulation; the volatile and intensely competitive environment in the
telecommunications and Internet industries, the international communications
industry and the global economy; availability of transmission facilities; entry
into new and developing markets; competition; customer concentration and
attrition; the expansion of a global network; dependence on operating agreements
with foreign partners; reliance on third parties to provide us with technology,
infrastructure and content; our dependence on a few significant customers and
suppliers; difficulty in restoring access to least-cost IP routes; rapid
technological change, our ability to restructure our Senior Notes or other
indebtedness and to meet our obligations under existing indebtedness; increasing
cost of financing and difficulties in obtaining needed financing; our strategy
of focusing on business customers and migrating entirely to our IP network;
dependence on key employees; our dependence on call termination agreements; the
international telecommunications industry; international economic and political
instability; dependence on effective billing and information systems; and our
ability to integrate and manage acquired technology, companies, assets and
personnel.

There can be no assurance that the Company will be able to restructure the
senior notes or its other debt, or that any new financing will be available on
terms the Company finds acceptable, or at all. These and other relevant risk
factors are discussed in further detail in the Company's SEC filings.