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CHINA NETCOM ACQUIRES 100% OF ASIA NETCOM.

Asia Africa Intelligence Wire

| February 13, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

(Full text of statement. Contact details below.)

HONG KONG, Feb. 13 /XFNHK-AsiaNet/ --

Asia Netcom -- an integral part of China Netcom's international strategy

Asia Netcom and China Netcom Corporation International today announced that China Netcom (CNC) has purchased full control of Asia Netcom, a company founded in March 2003 by a consortium led by CNC which included Newbridge Capital and Softbank Asia Infrastructure Fund.

In its first year of operation, since the consortium took over key assets of the former Asia Global Crossing, Asia Netcom has grown from a virtually unknown entity to one of Asia Pacific's …

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