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Asia Global Crossing to move to the NYSE

Wednesday 20 June 2001 | 11:45 CET | News
Asia Global Crossing, announced that, effective June 25, 2001, it will commence trading on the New York Stock Exchange under the symbol “AX.” The company’s shares will continue to trade on the Nasdaq Stock Market until that time. To celebrate the listing, Gary Winnick, chairman of Asia Global Crossing and its parent company Global Crossing, and John Legere, Asia Global Crossing chief executive officer, will officiate the NYSE opening June 25. “With seven joint ventures formed, a network in service carrying customer data between Japan, Hong Kong, and the rest of the world, Taiwan coming on line by the end of this month, Korea in the next quarter, Singapore by the end of the year, and the Philippines and Malaysia by early 2002, since our initial public offering in October 2000, Asia Global Crossing has emerged as one of the leading pan-Asian providers of telecommunications infrastructure and services,” said Winnick. “Now, just eight months later, Asia Global Crossing joins it parent Global Crossing on the ‘big board,’ and we are honored to trade among the most respected companies in the world.” “The addition of Asia Global Crossing to our family of listed companies is a privilege and prominently expands our growing network of great global enterprises,” said NYSE Chairman and Chief Executive Officer Dick Grasso. “In Asia Global Crossing, we proudly welcome a valued brand and vital player in the pan-Asian telecommunications landscape and, like Global Crossing, a truly world-class provider of telecommunications services. We look forward to a long and productive partnership with the company and its shareholders.”

Categories: Fixed
Companies: Global Crossing
Countries: United States
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