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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (4160)	2/1/2000 8:30:00 AM
From: TechMkt	Read Replies (1) \| Respond to of 15615

The Hong Kong market is heating up. I notice that Quest is missing from the list. I think they have not formulated an effective Asian strategy yet. That's a big mistake in today's environment. Fez _________________________________ Tuesday February 1, 8:12 am Eastern Time HK to open telecom pipe with HK$9bln cable projects HONG KONG, Feb 1 (Reuters) - The Hong Kong government on Tuesday said it issued letters of intent to license 13 companies to invest a total HK$9 billion that would raise the territory's external telecommunications capacity by almost 10-fold. According to proposals by the successful applicants, four new overland cables from China and seven new undersea cables would be laid over a period of three years and would result in Hong Kong's external telecoms capacity jumping to 428 gigabits per second from 44 gigabits per second at present. ``The new cables will bring a significant increase in bandwidth for external connection, which is key to Hong Kong's development as a leading telecommunications centre and an Internet and broadcasting hub in the region,' a government spokesman from the Information Technology and Broadcasting Bureau said in a statement. ``At the same time, consumers will have more choice in the supply of external circuits. Increased competition is expected to drive down prices, improve service quality and induce the introduction of innovative services,' he added. Currently, Cable & Wireless HKT operates the territory's only cable telecom international gateway. MORE CABLES WELCOME The government also said its Office of the Telecommunications Authority (OFTA) has decided that there is no physical constraint which might limit the number of cable-based external telecom gateway licences. If there is further interest in the laying of new submarine or overland cables to or from Hong Kong, it said it would issue a fresh invitation for applications. This round of licencing is the latest move to deregulate Hong Kong's telecom market. It follows the government's decision two weeks ago to license 12 companies to operate satellite-based external telecoms gateways and five firms to operate local fixed networks using wireless technology. The companies granted licences for submarine cable gateways are: Asia Global Crossing Hong Kong Ltd (NasdaqNM:GBLX - news), AT&T Asia/Pacific Group Ltd (NYSE:T - news), BT (Hong Kong) Ltd (quote from Yahoo! UK & Ireland: BT.L), CTI International Ltd ; Far East Gateway Ltd, Flag Telecom Asia Ltd, Global One Communications Ltd , Level 3 Communications Ltd (NasdaqNM:LVLT - news), MCI WorldCom Asia Pacific Ltd (NasdaqNM:WCOM - news); NTT Com Asia Ltd and PSINet Hong Kong Ltd (NasdaqNM:PSIX - news). Some of the firms are jointly funding cable projects, but the authority did not specify them. CABLES FROM CHINA The firms planning to bring in four new land cables from China are CLP Telecommunications Ltd , Far East Gateway and Unicom International (HK) Ltd. The cables will terminate in Shenzhen. Final licences for the firms will be granted upon their successful negotiations with overseas regulatory authorities and relevant parties and their committments to meet performance targets. To meet the anticipated demand for land from new submarine cable gateway operators, the government said it will shortly put out sites to tender at its teleport facility on the southern side of Hong Kong island.

To: SecularBull who wrote (4160)	2/1/2000 11:25:00 PM
From: Keith Feral	Read Replies (1) \| Respond to of 15615

I am still flabergasted by the FCC's intentions to reauction NextWave's specturm rights. The only thing that comes to mind is that they were trying to up the ante for fiber compaines that have devised economical advantages to the combination of fiber and wireless networks. Once they witnessed GBLX and ATT providing cash to reorganize NextWave's debt, they must have realized the huge opportunities for the spectrum that is now available. 1X, HDR, hut, hut, hike!! <gg>