NEW YORK (Bloomberg) — Global Crossing Ltd., a telecommunications company seeking to turn a profit, agreed to buy Impsat Fiber Networks Inc. for about $95 million and add more than 4,500 Latin American customers.Investors will receive $9.32 a share for their holdings in Buenos Aires-based Impsat, a 14 percent premium over yesterday’s closing price, Global Crossing said in a statement. The company will assume $241 million in Impsat debt and expects integrating money-losing Impsat will cost about $10 million.

Global Crossing, which hasn’t reported a profit since exiting bankruptcy court protection in December 2003, said Impsat will add more than $270 million in revenue and $70 million in profit before interest, taxes, depreciation and amortization.

The Bermuda-based company’s bonds and shares have increased this year as it used up less cash, focused on Internet traffic and signed deals with MySpace.com.

Shares of Global Crossing, which is run from Florham Park, New Jersey, rose 31 cents to $24.44 at 9.56 a.m. New York time in Nasdaq Stock Market composite trading. They had gained 51 percent this year before today.

The price of its 5 percent convertible bond maturing in 2011 has gained 17 percent this year.