Asia Global Crossing has begun offering data networking services in Australia and New Zealand, a move that follows its acquisition last month of the Asian operations of IXnet and IPC Information Systems from parent company Global Crossing, Asia Global Crossing announced in a statement.
IXnet offers services to the financial sector and it is this relationship that brings Asia Global to New Zealand.
"We have a number of financial market customers in New Zealand and points of presence in Auckland and in Wellington," says a company spokesman. Asia Global Crossing will also target other sectors like media/entertainment sector and government as well as large multi-national corporations.
As a result of the move, Australia is expected to become the company's third largest market for data services, the statement said.
The acquisition of IXnet and IPC gives Asia Global Crossing an additional 140 corporate customers and 40 more points of presence (POPs) in 11 Asian countries, the statement said. In addition, Asia Global Crossing added approximately 160 employees from its acquistion of IXnet and IPC's Asian operations, it said.
Asia Global Crossing expects to generate more than $US100 million in revenue over the next two years as a result of the transaction, it said.