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

To: jopawa who wrote (10056)	2/27/2001 9:38:40 PM
From: jopawa	Read Replies (1) \| Respond to of 15615

Tuesday February 27, 8:30 pm Eastern Time Press Release SOURCE: Asia Global Crossing U's Communications to Use Asia Global Crossing's High-Speed IP Transit Service for Its International Core IP Backbone TOKYO, Feb. 27 /PRNewswire/ -- Asia Global Crossing (Nasdaq: AGCX - news) announced today that U's Communications, a data communications subsidiary of Japan's largest cable radio operator Usen Broadnetworks, has selected Asia Global Crossing's IP Transit service for its core international IP backbone. (Photo: newscom.com ) Usen Broadnetworks will use Asia Global Crossing's IP Transit service for its FTTH (Fiber-to-the-Home) service launching in early March in certain areas of Tokyo. FTTH service allows subscribers to access broadband content and enables streaming, permitting subscribers to download live video and music in real time. With a data rate of up to 100Mbps, FTTH service provides high-speed Internet connections that are about 2,000 times faster than dial-up connections and 100 times faster than ADSL connections. But with a monthly charge as low as 4,900 yen, FTTH costs are comparable to that of slower ADSL. ``We are honored to have our IP Transit service selected by U's Communications, which is preparing for the broadband era by building a FTTH-based network. Asia Global Crossing is pleased to support the expansion of broadband in Japan,'' said Asia Global Crossing Japan president Darryl E. Green. About IP Transit IP Transit is the high-speed Internet access service offered by Asia Global Crossing to ISPs and enterprises in Japan. IP Transit service uses 2.5Gbps data rate -- the industry's fastest -- across Pacific Crossing, the Asia Global Crossing-owned submarine optical fiber cable, connecting gateways in Tokyo and the US. This service also provides enterprise customers with dedicated lines such as T1 (1.5Mbps) or STM-4 (622Mpbs). IP Transit directly connects leading ISPs and IX around the world via Global Crossing's high-speed network, thus allowing ISPs to build very efficient Internet environments at low costs, while minimizing network failures and delays. About Asia Global Crossing Asia Global Crossing (Nasdaq: AGCX - 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 the Company'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 the Company'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 the Company's filings with the Securities and Exchange Commission. FOR FURTHER INFORMATION ASIA GLOBAL CROSSING Investor contact: Jensen Chow (Los Angeles CA), +1 310 385 5283, jensen.chow@asiaglobalcrossing.com. Press contact: Madelyn Smith (Los Angeles CA), +1 310 385 3816, madelyn.smith@asiaglobalcrossing.com. General information: www.asiaglobalcrossing.com. To be added/removed from Asia Global Crossing's e-mail distribution, please visit: asiaglobalcrossing.com To be added/removed from Asia Global Crossing's fax distribution, please call +1 213 244 9031 or email agcxinvest@globalcrossing.com SOURCE: Asia Global Crossing