Asia Global Crossing obtains concession license for international submarine cable circuit leasing business in Taiwan

Aug. 16, 2001--Asia Global Crossing Taiwan has been awarded the Concession License for International Submarine Cable Circuit Leasing Business by the Ministry of Transportation and Communications (MOTC), claiming the first time such a license has been granted.

Aug 16th, 2001

Asia Global Crossing Taiwan has been awarded the Concession License for International Submarine Cable Circuit Leasing Business by the Ministry of Transportation and Communications (MOTC), claiming the first time such a license has been granted. The license allows Asia Global Crossing Taiwan to provide international bandwidth services including International Private Line and Indefeasible Rights of Use in Taiwan.

Asia Global Crossing Taiwan is a carrier-neutral company and is now able to provide capacity to end customers through the four Integrated Fixed Network Operators in Taiwan. In line with Asia Global Crossing's strategy of partnering with local companies in each country its East Asia Crossing system connects, Asia Global Crossing Taiwan is a 60:40 joint venture between Asia Global Crossing (NYSE: AX) and Microelectronics Technology Inc.

East Asia Crossing already links Taiwan, Hong Kong, and Japan, and is scheduled to connect Korea in the third quarter this year, Singapore in the fourth quarter, Malaysia and the Philippines in the first quarter of 2002, and China as regulations permit. As East Asia Crossing is part of the worldwide Asia Global Crossing/Global Crossing Network, Taiwan is seamlessly connected to more than 200 major business centers in 27 countries. East Asia Crossing has an initial speed of 80 gigabits per second and is upgradeable to 2.56 terabits.

Asia Global Crossing Taiwan also manages the backhaul network from the East Asia Crossing cable landing station into Taipei.

About Microelectronics Technology Inc.:

MTI designs, manufactures and supplies a broad range of microwave integrated circuit products used for satellite broadcasting, communications, and telecommunications.

About Asia Global Crossing:

Asia Global Crossing (NYSE: AX), a public company, provides the Asia Pacific region with integrated telecommunications and IP services. For more information, visit www.asiaglobalcrossing.com.

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