AX/GX News:
Wednesday October 31, 12:01 am Eastern Time
Press Release
SOURCE: Asia Global Crossing
Asia Global Crossing Obtains Full Suite of Licenses in Korea
- Asia Global Crossing receives Specific Service Provider and Value Added Service Provider licenses - Specific Service Provider license allows Asia Global Crossing to provide Voice over IP (VoIP) and resell IPLC (International Private Line Circuits) in Korea - Value Added Service Provider license allows Asia Global Crossing to provide Frame Relay, ATM, IP Transit, Virtual Private Networks (VPN), Direct Internet Access (DIA) services and other specified services
SEOUL, South Korea, Oct. 31 /PRNewswire/ -- Asia Global Crossing announced today that it has been granted the Specific Service Provider and Value Added Service Provider licenses by the Ministry of Information and Communications. The licenses allow Asia Global Crossing to leverage its seamless, city-to-city global network to provide a highly competitive suite of IP products and connectivity services to carriers, ISPs, and enterprises in Korea.
(Photo: newscom.com )
The Specific Service Provider license allows Asia Global Crossing to provide voice and resell International Private Line Circuits, while the Value Added Service Provider license allows the provision of Frame Relay, ATM, IP Transit, Virtual Private Networks, Direct Internet Access, and other specified services. The licenses are in addition to the Network Provider license already held by DACOM Crossing, a joint venture among Asia Global Crossing, DACOM, and OPICOM.
With the recent East Asia Crossing landing in Korea, Asia Global Crossing and DACOM Crossing bring unprecedented capacity to enterprises in Seoul. East Asia Crossing already connects Hong Kong, Japan and Taiwan. It is expected to land in Singapore at the end of 2001, connect Malaysia and the Philippines in early 2002, and China as regulations permits. East Asia Crossing is the first privately owned, and upon completion, fully redundant pan-Asian subsea cable system. As part of the Asia Global Crossing and Global Crossing network, the world's most extensive IP-based fiber optic network, East Asia Crossing connects Seoul to more than 200 major business centers in 27 countries worldwide.
``We recently landed in Korea and, in a significantly short amount of time, we have obtained all the required licenses. Asia Global Crossing is well- positioned to address the growing bandwidth demand in Korea,'' said John Legere, chief executive officer of Asia Global Crossing.
``The licenses enable us to provide a highly competitive IP product suite to carriers, ISPs and enterprises in Seoul via our seamless, city-to-city global network,'' said Ki Young Im, managing director, Asia Global Crossing Korea. ``With the Specific Service Provider and the Value Added Service Provider licenses, we are well-positioned in Korea to serve carrier, ISP, and enterprise customers.''
About DACOM Crossing
DACOM Crossing is a joint venture between Asia Global Crossing, which holds 49 percent, DACOM, which holds 48.9 percent, and OPICOM, which holds 2.1 percent. DACOM Crossing will provide terrestrial backhaul and high capacity services at competitive prices to carriers, Internet service providers, and enterprises in Korea.
About Asia Global Crossing
Asia Global Crossing (NYSE: AX - news), a public company whose largest shareholders include Global Crossing (NYSE: GX - news), Softbank (Tokyo Stock Exchange: 9984), and Microsoft (Nasdaq: MSFT - news), provides the Asia Pacific region with a full range of integrated telecommunications and IP services. Through a combination of undersea cables, terrestrial networks, city fiber rings and complex web hosting data centers, Asia Global Crossing is building one of the first truly pan-Asian networks, which, in combination with the worldwide Global Crossing Network, will provide the Asia Pacific region with seamless access to major business centers worldwide. As part of its strategy to provide city-to-city connectivity, Asia Global Crossing partners with leading companies in each country it connects to provide backhaul networks.
Statements made in this press release that state Asia Global Crossing's or management's intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Asia Global Crossing's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States, Asia, and other countries and regions; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in Asia Global Crossing's filings with the Securities and Exchange Commission. One is cautioned not to put undue reliance on such forward-looking statements, which speak only as of the date of this press release. Asia Global Crossing expressly disclaims any obligation to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. |
