Asia Global Xing, CNC Ink Deal

LOS ANGELES - Asia Global Crossing announced today that 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 full suite of 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.Asia Global Crossing