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Revision History For: Asia Global Crossing - AGCX

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Return to Asia Global Crossing - AGCX

Intends to be the first pan-Asian telecommunications carrier to provide integrated Internet, data, voice and Web-hosting services to wholesale and business customers.

Asia Global Crossing was formed in November 1999 as a joint venture between Global Crossing Ltd., Microsoft Corp., and Softbank Corp.

Strategic investors include Hong Kong conglomerate Hutchison Whampoa Ltd., Singapore Technologies Telemedia and Taiwan's Microelectronics Technology Inc. When the IPO is completed, Global Crossing will hold a 56.6 percent stake in the company while Microsoft and Softbank will each hold 15.6 percent.

Goldman Sachs is set to be the lead underwriter.