Asia Global Crossing Ltd.
ASGXF
Other OTC0.00
USD
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Asia Global Crossing Ltd.
ASGXF
(Other OTC)
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ROIC.AI
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- Business
- Asia Global Crossing Ltd is a telecommunications company specializing in operating a pan-Asian network that includes undersea submarine cable systems, terrestrial fiber optic networks, city fiber rings, and advanced web hosting centers. Its core products and services encompass high-capacity broadband telecommunications infrastructure, web hosting, electronic commerce services, low-cost telephony, leased lines, and other value-added network services. The company operates in multiple countries across the Asia Pacific region including Japan, China, Singapore, Hong Kong, Taiwan, South Korea, Malaysia, and the Philippines. Founded as a joint venture involving Global Crossing, SoftBank Corp., and Microsoft Corporation, Asia Global Crossing provides infrastructure and connectivity solutions targeting multinational corporations, businesses, and consumers seeking seamless global network access. In recent years, the company completed a significant expansion of its undersea network called East Asia Crossing, a 17,000-kilometer fiber optic subsea system linking major Asian commercial hubs. Asia Global Crossing also maintains a 50/50 joint venture with Hutchison Whampoa in Hong Kong, known as Hutchison Global Crossing, which provides extensive terrestrial network connectivity and telecommunication services. Recent developments within the last two years include new contracts and phase expansions to extend the fiber optic system by approximately 7,900 kilometers, further enhancing its capacity and geographic reach. The company was relaunched following a transaction with China Netcom, who acquired key assets and provided new financing agreements boosting Asia Global Crossing’s operational viability in the region. Asia Global Crossing Ltd operates primarily in the telecommunications industry focusing on telecom infrastructure, Internet data services, and broadband network operations. Headquarters are located in Bermuda, with primary operations throughout East Asia and Southeast Asia. The firm offers services through subsidiaries and strategic alliances emphasizing infrastructure development to support the growing demand for digital connectivity in Asian markets. Major strategic activities recently include network expansion projects, increased capacity for broadband services, and partnerships facilitating broader market penetration across the Asia Pacific region.