Asia Global Crossing and China Netcom jointly offer telecom services

Oct. 11, 2001--Asia Global Crossing announced it has signed an agreement with China Netcom Corporation so that CNC can bolster its international infrastructure, serve enterprises in China, and prepare for the surge of traffic expected as China gains entry to the WTO and prepares for the 2008 Olympics in Beijing.

Asia Global Crossing announced it has signed an agreement with China Netcom Corporation (CNC) whereby CNC will purchase four 2.5 Gigabits per second (Gbps) wavelengths from Asia Global Crossing connecting Hong Kong and Los Angeles, Calif., so that CNC can bolster its international infrastructure, serve enterprises in China, and prepare for the surge of traffic expected as China gains entry to the WTO and prepares for the 2008 Olympics in Beijing.

In a separate transaction, Asia Global Crossing and CNC have agreed to terms for an arrangement, which will allow Asia Global Crossing to interconnect 2.5 Gbps of capacity with CNC's domestic network -- CNCNet. This will enable Asia Global Crossing to connect its customers to the major business centers of China, ensuring that its data services, including International Private Line Circuits (IPLC) and IP Transit, as well as last-mile provisioning, will be available to Asia Global Crossing customers that need access to Beijing, Shanghai, and Guangzhou.

This relationship will enable Asia Global Crossing to serve its customers from CNC's points of presence (POPs) in Beijing, Shanghai, and Guangzhou. Connectivity to these POPs will be via CNC's terrestrial network, which interconnects with Asia Global Crossing's East Asia Crossing in one of Asia Global Crossing's Hong Kong POPs.

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 a full range of integrated telecommunications and IP services. For more information, visit www.asiaglobalcrossing.com.

About China Netcom:

China Netcom was founded in August 1999, by the Chinese Academy of Sciences ("CAS"), the State Administration of Radio, Film and Television ("SARFT"), the Ministry of Railways ("MOR"), and the Shanghai Municipal Government. The company provides services and solutions to meet the broadband telecommunications needs of businesses and individuals. For more information, visit www.cnc.net.cn.

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