China Netcom Acquires AGC
World IT Report, Apr 10, 2003
China Netcom Corporation recently finished acquisition of telecom carrier Asia Global Crossing (AGC) with the help of a US investment company. AGC owns assets worth US$1.7 billion, and its networks connect to 200 cities in 16 countries and regions.
Industry insiders said that China Netcom's acquisition expanded the company's telecom capabilities in the Asia-Pacific region and made the company an international telecom carrier.
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AGC's networks connect the major commercial cities of Tokyo, Osaka, Hong Kong, Taipei, Seoul and Singapore. It also links Asia to the United States via a trans-Pacific network. - (World IT Report.com)
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