DACOM commits to 20 STM-1s from Asia Global Crossing during Q201

July 24, 2001--Asia Global Crossing announced that DACOM committed to capacity purchases on Asia Global Crossing systems equivalent to 20 STM-1s during the second quarter.

Asia Global Crossing announced that DACOM committed to capacity purchases on Asia Global Crossing systems equivalent to 20 STM-1s during the second quarter. The commitment comes prior to the Korea landing of Asia Global Crossing's East Asia Crossing pan-Asian system. East Asia Crossing is expected to connect Korea by the end of the third quarter.

Asia Global Crossing's East Asia Crossing system already connects Japan, Hong Kong, and Taipei. After the Korea landing in the third quarter, the system will link Singapore in the fourth quarter, and the Philippines and Malaysia in early 2002. Asia Global Crossing's strategy of partnering with leading local companies in each country East Asia Crossing connects, such as the joint venture DACOM Crossing formed with DACOM, ensures that it can provide city-to-city connectivity, not just shore-to-shore reach.

East Asia Crossing connects with Pacific Crossing, Asia Global Crossing's trans-Pacific system, to link with the Global Crossing Network, providing seamless access to more than 200 major business centers in 27 countries worldwide.

About Asia Global Crossing:

Asia Global Crossing (NYSE: AX), a public company whose largest shareholders include Global Crossing (NYSE: GX), Softbank (Tokyo Stock Exchange: 9984), and Microsoft (Nasdaq: MSFT), provides the Asia Pacific region with integrated telecommunications and IP services. For more information, visit www.asiaglobalcrossing.com.

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