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.

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)