StarHub Modifies Deal with Asia Global Crossing
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Asia Global Crossing, whose largest shareholders include Global Crossing, Softbank and Microsoft, has agreed to modify its partnership with StarHub to better reflect the needs of each business in relation to their respective capacity needs. Both partners are expected to continue their mutually beneficial alliance on a preferred provider basis.
Said Mike Reynolds, senior vice-president of Business Markets at StarHub: "The change in StarHub's partnership with Asia Global Crossing reflects a structural modification only. The new arrangement is a better way to accomplish the original objectives of the joint venture, and it still meets the needs of both companies. We are going about the same activities, albeit in a different form."
Under the terms of the agreement, Asia Global Crossing will continue to utilize the StarHub terrestrial network for its Singapore backhaul. Similarly, StarHub will continue to access the Asia Global Crossing network for its international capacity needs.
However, the new arrangement is a purely commercial agreement between both parties, which renders the requirement for a separate vehicle unnecessary.
Asia Global Crossing partners with leading companies in each country to provide backhaul networks. In combination with the Global Crossing Network, it provides access to more than 200 cities worldwide. And through a combination of undersea cables, terrestrial networks, city fiber rings and Web hosting data centers, the company offers seamless connectivity to the region's major business centers via its pan-Asian networks.