Hong Kong and New York -- Jan 25, 2005 -- New World Telecommunications Ltd. (NWT) today announced that it has forged a strategic alliance with Global Crossing (NASDAQ: GLBC) that will deliver to multinational enterprises seamless, secure, reliable multi-protocol label switching (MPLS) IP VPN and international private leased circuit (IPLC) services spanning more than 500 cities in 50 countries. By interconnecting their state-of-the-art networks, the two companies will deliver a unified, superior experience to their multinational customers worldwide.
Through this strategic alliance, NWT will extend its global reach through Global Crossing's MPLS-based IP network and its iMPLS™ service, an enhanced provider-interconnect solution that allows NWT to offer its regional customers a global MPLS-based IP VPN service reach with guaranteed performance service-level agreements (SLAs). iMPLS enables the connection of Global Crossing's sophisticated, IP-based network with NWT's pioneering next-generation network, equipped with a unique "packet-over-fiber" platform that supports convergence of voice, data and video.
"We are delighted to collaborate with Global Crossing, a leading telecom carrier with a fully meshed MPLS IP network around the globe," said Peter Hung, vice president, marketing of NWT. "This collaboration represents another milestone in extending our reliable MPLS IP VPN and IPLC services worldwide. It also constitutes the cornerstone of our Managed Network, encompassing a wide range of converged IP service offerings. The alliance is also an important part of our ongoing efforts to become a next-generation broadband service provider, offering enterprise customers a full array of integrated IP communications and applications, supported by our robust Cisco-based IP backbone and Tier-1 IP peering partnership with major telecom powerhouses in Hong Kong."
"We regard Hong Kong as an important and strategic location for our market expansion in Asia. NWT shares our vision to deliver premium network services to multinational enterprises," said John Legere, Global Crossing's CEO. "NWT's strong IP infrastructure and service commitment make it an ideal Fast-Track partner for achieving this business goal."
Fast-Track enables service providers to increase their speed-to-market and revenue realization by expanding their geographic reach, broadening their range of converged IP service offerings and providing a unified experience to their customers around the world. By using this strategic solution, service providers avoid the costly expenditures and long lead times generally associated with service expansion.
"National and global service providers are increasingly using strategic partnerships to add value and extend the breadth of services they offer their multinational clients. NWT's alliance with Global Crossing illustrates the use of such a partnership to address the growing demand in Asia-Pacific for international data and IP services," stated Rena Bhattacharyya, Program Manager at IDC. "By working with Global Crossing, NWT plans to leverage its partner's international assets, extending its geographic reach and broadening its portfolio of services for multinational enterprises."
In 2001, NWT became the first telecom service provider in Hong Kong to offer MPLS IP VPN service to its enterprise customers with cross-border operations for the transmission of data, voice and video applications. Thanks to its proven track record in service delivery, NWT has already established a leading market position in the MPLS IP VPN market in Hong Kong.
About New World Telecom
Established in 1995, New World Telecom (NWT) is a member of New World Development Company Ltd. Backed by its advanced Next Generation Network, NWT has evolved from a traditional telecom carrier into a Next Generation Broadband Service Provider offering a wide spectrum of unparalleled integrated communication solutions, applications and content services, such as broadband, IP telephony, VPN, IPLC, system integration, wireless solutions, local and international voice services, etc.
NWT has continuously expanded its business coverage by investing in both local and international network infrastructure, and establishing bilateral partnerships with 100 global incumbents and major carriers. In addition, NWT has obtained appropriate facility-based licenses and has established Point-of-Presence facilities and offices in strategically selected countries and regions, including the US, Taiwan, the UK and Singapore.
For details, please visit www.newworldtel.com.
About Global Crossing
Global Crossing (NASDAQ: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities and 30 countries worldwide, and delivers services to more than 500 major cities, 50 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
