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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (4456)	1/10/2001 4:26:03 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 4541

HK-Tokyo backbone cable to go live in February By Daisy Ku HONG KONG, Jan 10 (Reuters) - Asia Global Crossing Ltd's (NASDAQ:AGCX) broadband backbone network will become operational in February, tripling the amount of communications network capacity linked to Hong Kong, the company said on Wednesday. Asia Global Crossing is leasing bandwidth on its Internet protocol (IP) east Asia crossing undersea network to service providers in Hong Kong at below current market rates, Asia Global Crossing vice president Alex Ng told reporters. He said the leasing fee for the equivalent of 155 megabits of bandwidth would be US$7-8 million for 25 years, compared with market prices of US$8-9 million for three years. Hong Kong's 40 gigabits of international bandwidth capacity is now served exclusively by Pacific Century CyberWorks (0008), although several competitors plan to offer service over high-capacity cables carrying Internet and telecoms traffic in and out of Hong Kong. Level 3 Communications (NASDAQ:LVLT) for one, says it will provide 320 gigabits of capacity when its Hong Kong cable goes live in the second quarter of this year. In total, some 640 gigabits of new cable capacity is scheduled to become operational into Hong Kong this year, according to Jardine Fleming. Asia Global Crossing's cable will initially have a capacity of 80 gigabits and can be expanded to 2.56 terabits (one terabit equals 1,000 gigabits), said John Legere, the company's president and chief executive. The network will be operational between Hong Kong and Tokyo in February, and extend to Taiwan in June. When fully completed by the first quarter of 2002, Asia Global Crossing's 19,500 km-long network will connect Japan, Hong Kong, Taiwan, Korea, Malaysia, Singapore, the Philippines, and, if regulations permit, mainland China, at a cost of US$1.3 billion. The east Asia network will connect to parent firm Global Crossing Ltd's (NYSE:GX) worldwide network. Software giant Nicrosoft Corp (NASDAQ:MSFT) and Internet investor Softbank Corp (9984) of Japan own minority stakes in the Asian cable network. Legere said the unit price of bandwidth will drop by 50-57 percent each time his firm upgrades its network. siliconinvestor.com