Asia Global Crossing Ltd., incorporated in Bermuda in 1999, intends to be a pan-Asian telecommunications carrier that provides Internet, data, voice and complex Web-hosting services to wholesale and business customers. The company is building an end-to-end network across Asia that will include subsea cables, terrestrial connections to its landing sites (commonly known as backhaul), city fiber networks, space, security and environmental controls for equipment owned by various carriers, and, through its planned 33/67% joint venture with Exodus Communications, Inc., Web-hosting centers. In November 2002, Asia Global Crossing, Ltd. signed a definitive agreement to sell substantially all of its operations and assets to Asia Netcom Corporation Limited, a new company organized by China Netcom Limited. Pursuant to the agreement, the company and one of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. Services The company provides a variety of telecommunications and Internet-based services designed to meet the needs of telecommunications and Internet companies and multinational corporations. Managed Bandwidth Capacity Currently, the company’s primary offering is managed bandwidth capacity on its network. To provide this capacity to its customers, the company generally enters into contracts for the sale, lease or grant of indefeasible rights of use. Under these arrangements, the customer purchases a unit of point-to-point capacity for the expected economic life of the system, typically in increments of 155 megabits per second, or Mbps, a unit known in the industry as an STM-1. Data Services The company targets multinational corporations and Internet Protocol-based carriers with bandwidth-intensive applications and demand for global end-to-end solutions. Directly and through its joint ventures, the company currently offers the following services: Internet Protocol transit: The company currently provides Internet Protocol connections into its Internet backbone from Asia. Domestic and International private line: The company currently provides private line services within Japan on certain routes and have the ability to provide international private line services between Japan and major cities on the Global Crossing network. Data center and Internet infrastructure services: The company currently provides a combination of digital distribution services, server collocation and professional expertise with plans to include equipment sales, consulting services aimed at supporting customers' mission critical Internet operations and other Internet infrastructure services. The company, on its own, as well as through its joint ventures, intends to offer the following services: Data transport: Point-to-point data services in a number of products with plans to provide asynchronous transfer mode and frame relay with varying bandwidth sizes, from 1.544Mbps, a unit known as a T-1, to 9.953 Gbps, a unit known as a STM-64. Integrated voice and data services: These services combine traditional voice or data services with additional features. Products include multimedia services, such as video conferencing and e-commerce enablement. Business Internet access: Domestic and international Internet Protocol access. Voice over Internet protocol: Dedicated outbound voice services for international traffic and domestic termination. Virtual private network: Customizable network solutions which allow the company’s customers to create a private network by using its network without purchasing dedicated facilities. In addition, this allows customers the flexibility to change capacity requirements between points over time and reconfigure their virtual private networks to meet changing requirements. Advanced Internet services: Products to be provided include Web-based applications, such as e-mail hosting, unified messaging and storage. Competition The company’s competitors include Singapore Telecom, Hong Kong Telecom, SEA-ME-WE-3, Tycom, 360networks, Level 3, FLAG Telecom, APCN-2, China-U.S. Cable Network, Japan-U.S. Cable Network, Telstra Corp., Pacific Century CyberWorks Ltd., C2C AsiaPac Pte. Ltd, MCI WorldCom, AT&T, British Telecommunications, Level 3, Genuity and AboveNet.
asia global crossing ltd-a
(ASGXF:OTC Pink - No Information)
8 Par-La-Ville Road
Hamilton, HM 08
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