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Technology Stocks : Asia Global Crossing - AGCX -- Ignore unavailable to you. Want to Upgrade?

To: jimbopost who wrote (12)	1/11/2001 8:11:22 AM
From: TechMkt	Respond to of 31

AGCX is starting to make some big headlines. The network is proceeding nicely. Fez _________________ Wednesday January 10, 7:31 am Eastern Time Press Release SOURCE: Asia Global Crossing Asia Global Crossing Celebrates the Landing of East Asia Crossing, The First Private Network Connecting Hong Kong to the World - East Asia Crossing will provide the first truly seamless global connectivity to the region - The connection of East Asia Crossing to the Hutchison Global Crossing terrestrial network in Hong Kong provides end-to-end broadband and telecommunications solutions - Landing marks the completion of the first segment of the region's first pan-Asian network HONG KONG, Jan. 10 /PRNewswire/ -- Asia Global Crossing (Nasdaq: AGCX - news) today celebrated the Hong Kong landing of the first segment if its East Asia Crossing subsea cable system which, as part of the worldwide Global Crossing Network, will connect Hong Kong to more than 200 major business centers in 27 countries. (Photo: newscom.com ) To commemorate the historic event, a cable landing ceremony was held at the Asia Global Crossing Cable Landing Station in Tseung Kwan O on Jan 10, 2001. The ceremony also marked the inauguration of Asia Global Crossing's first cable landing station in Hong Kong. Guests of honour included Mr. Gary Winnick, Founder & Chairman of Global Crossing and Chairman of Asia Global Crossing, Mr. John Legere, President & CEO of Asia Global Crossing and Mr. Canning Fok, Group Managing Director of Hutchison Whampoa. The landing of East Asia Crossing in Hong Kong is an important milestone in the development of the region's telecommunications infrastructure as it marks the completion of the first segment of the region's first pan-Asian network. East Asia Crossing is an approximately 19,500km subsea system that will connect the fast-growing telecommunications markets of Asia -- Japan, Hong Kong, Taiwan, Korea, Singapore, Malaysia, the Philippines, and China, as regulations permit. Completion is expected by the first quarter of 2002, and at 2.56 terabits, East Asia Crossing will not only be the region's first truly pan-Asia network, it will also be the fastest system deployed in the region. The segment of East Asia Crossing landing in Hong Kong originates in Shima, Japan, where it connects with Asia Global Crossing's trans-Pacific Pacific Crossing, which in turn connects with the rest of the worldwide Global Crossing Network. Therefore, in addition to unprecedented pan-Asian connectivity, end users in Asia will have seamless connectivity to the rest of the world via the Global Crossing Network. Locally, East Asia Crossing will be connected to the Hutchison Global Crossing terrestrial network, the most extensive fully fiber network in Hong Kong. Hutchison Global Crossing has announced it plans to offer 10 Mbps to the desktop service, giving customers in Hong Kong perhaps some of the fastest connectivity in the world. Hutchison Global Crossing is a 50/50 joint venture between Asia Global Crossing and Hutchison Whampoa Limited. Mr. Gary Winnick said, ``Asia-Pacific is the fastest growing telecommunications market. With East Asia Crossing landing in Hong Kong, we've advanced our vision of seamless global connectivity.'' ``The landing of East Asia Crossing marks the completion of the first segment of the first pan-Asian system. Customers in Hong Kong will have unprecedented pan-Asian and pan-world connectivity,'' said Mr. Legere. ``We chose to bring East Asia Crossing to Hong Kong first because of the demand for broadband capacity and its emerging role as a leading telecommunications hub in the region,'' Mr. John Legere continued. ``We are proud to partner with Asia Global Crossing. The partnership gives Hong Kong strategic significance in the global telecommunications industry. Together with Asia Global Crossing, we've arrived at future prospects that are exciting, to say the least. The services and opportunities to end users as well as the business community at large are extremely promising,'' commented Mr. Fok.