Global Crossing Granted License To Provide Managed Telecommunications Services In Hong Kong
24 May 2004
Florham Park, NJ - May 24, 2004 - Global Crossing (NASDAQ: GLBCE) announced today that it has been granted a license to provide telecommunications services in Hong Kong. On May 13th, 2004, Hong Kong's Office of Telecommunications Authority granted the Public Non-Exclusive Telecommunications Service License (PNETS) to Global Crossing Hong Kong Limited to provide international value-added network services.
The new license will enable Global Crossing to provide on-net services to carrier and business customers throughout Hong Kong, including Managed ATM, Frame Relay, IP and IP VPN services, along with advanced IP applications, such as Voice over Internet Protocol (VoIP), IP Video, and other services. Delivering these capabilities over state-of-the-art routing and switching equipment in the Hong Kong area will reduce latency, increase resiliency and enhance flexibility for customers that require connectivity around Hong Kong or Asia and the rest of the world.
"This is another big step towards enhancing Global Crossing's network in Hong Kong and throughout Asia," said Anthony Christie, chief marketing officer of Global Crossing. "As we continue to expand our service and support capabilities in this region, we are poised to gain share in this high-growth, dynamic marketplace."
Global Crossing is in the process of commissioning data communications equipment and establishing collocation facilities at the I-Mega building in Hong Kong, enabling it to offer faster provisioning of services and improved security while fully monitoring and maintaining quality of service. Global Crossing also plans to deploy similar capabilities in Tokyo, with Singapore and Sydney to follow. In parallel, Global Crossing has activated an on-net, IP-based data services capability to ensure the continuity of its global MPLS-based IP offering, complementing its seamless North American, Latin American and European facilities-based core network service areas.
Asia is one of the highest growth markets in the world for telecommunications services. According to analyst research firm Frost and Sullivan, the Asia Pacific market for Internet virtual private networks (VPN) is expected to reach US$5.15 billion in 2009, up more than 200 percent from 2003. Frost and Sullivan said the market should grow 25.7 percent to more than US$2 billion this year from US$1.687 billion in 2003.
Global Crossing has a reliable, resilient MPLS-based IP network, which provides connectivity to more than 500 cities in more than 50 countries, and its IP network performance consistently operates at 99.999 percent availability. Global Crossing has created a secure IP-ready ecosystem based on a single autonomous system for global commerce, ideally suited to applications that enable companies to seamlessly interact with customers, employees, and partners worldwide.
As Global Crossing continues to enhance its service offering and network capabilities in Asia over the coming months, it will make further announcements to support its ongoing commitment in the region.
About Global Crossing
Global Crossing (Nasdaq: GLBCE) 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.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Services and Global Crossing VoIP services, to more than 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs.
Please visit www.globalcrossing.com for more information about Global Crossing.
