The former Asia Global Crossing blames the decline in charges to oversupply
The former Asia Global Crossing is fighting back after being rescued from bankruptcy, but it is not winning many friends among its competitors.
The undersea cable network operator denies aggressively cutting prices to snatch clients in a business suffering from serious oversupply. However, its rivals and customers indicate otherwise.
Phoenix TV is among many new customers Asia Netcom, the former Asia Global Crossing, has won over in the past couple of months since being rescued in March by a consortium led by China Netcom (Hong Kong).
Starting this month, Phoenix Satellite Television Holdings is using Asia Netcom's networks to broadcast its programmes to the United States market.
'The reason we switched to Asia Netcom to carry our signals to the US was because [Asia Netcom] offered very attractive pricing, almost half of the price we used to pay, and their service is more comprehensive,' a Phoenix executive said.
Last week, Asia Netcom also won a US$3 million contract with the National University of Singapore to deploy an advanced academic research network infrastructure. Asia Netcom said it had experienced a double-digit growth in customer numbers since it was taken over by the consortium.
