GBLX has the best Asian strategy of any of the telcom's!!!
Fez
______________________________________
Asia Global Crossing Announces GlobalCenter Japan, a Joint Venture Agreement With Japan's IRI
HAMILTON, Bermuda--(BUSINESS WIRE)--Jan. 27, 2000--Global Crossing (Nasdaq:GBLX):
Joint Venture Mission to Be Leading Complex Web Hosting Service Provider in Japan
-- IRI to own 11 percent and Asia Global Crossing (a partnership of
Global Crossing Ltd., Microsoft, and Softbank) to own 89 percent.
-- Partners to design, develop, and construct advanced data center and provide web hosting, e-commerce support and applications hosting solutions.
-- Joint venture will benefit from strong relationship with Global Crossing's industry-leading GlobalCenter subsidiary.
-- IRI engineered and managed Internet exchanges handle 90 percent of Japan's Internet traffic.
Asia Global Crossing today announced an agreement to create GlobalCenter Japan, a joint venture with IRI. IRI is a US$10 billion, market-oriented research and development company in Japan. The venture will design, develop, and construct a data center in Japan providing connectivity to the world through the Global Crossing Network. GlobalCenter Japan will also develop and provide complex web hosting services, e-commerce support, and applications hosting solutions.
Asia Global Crossing will own 89 percent of the joint venture and IRI 11 percent. Asia Global Crossing is a joint venture among Global Crossing, Microsoft, and Softbank Corp. GlobalCenter Japan initial service is planned for April.
IRI has led much of the development of Internet-related technology in Japan. IRI engineered, constructed, and now manages Japan's two leading commercial Internet exchanges, which together handle more than 90 percent of Japan's Internet traffic. That engineering expertise combined with the Global Crossing Network will bring an unprecedented level of technological know-how, advanced products and services, and worldwide connectivity to businesses in Japan.
Jack Scanlon, CEO of Asia Global Crossing, said: "The mission of the GlobalCenter Japan is to position itself at the core of the Internet in Japan and quickly become the leader in Japanese complex web hosting services. Web hosting in Japan is growing rapidly, driven by growing ownership of personal computers and the increased use of the Internet for information, entertainment, and retail sales. We believe on-line commerce and third-generation telecommunication services are the next strong growth areas and that these will become principal drivers of the complex web hosting services we are offering.
"GlobalCenter Japan not only combines the technological and market expertise of IRI with the broadband infrastructure of Asia Global Crossing, but the joint venture has the added benefit of a strong relationship with GlobalCenter. Together, the companies are cooperating to extend data center capabilities throughout Asia, resulting in the most comprehensive, most technologically advanced web product and network service offerings for our customers in Japan."
Said Dr. Hiroshi Fujiwara, president and chief executive officer of IRI Japan: "Global Crossing and Asia Global Crossing are bringing full broadband connectivity to businesses and consumers in Japan and throughout the Asia Pacific region. Our new joint venture will now establish a world-class web hosting facility, guaranteeing state-of-the-art solutions for enterprises with mission-critical Internet operations and markets in Japan. Then we will be able to provide the most efficient common platform of e-commerce service providers, content providers and emerging ASPs (Application Service Providers)." |
