Telstra, PCCW launch trio of joint ventures

Telstra, PCCW launch trio of joint ventures

Telstra and Hong Kong-based Pacific Century CyberWorks (PCCW) formally launched Thursday three joint-venture telecommunications companies that they agreed last year to form.

The Telstra-PCCW joint ventures begin operations immediately following the completion of arrangements to contribute assets to the new companies, Telstra and PCCW said in a joint statement Thursday.

The key terms of the strategic alliance remain as announced in October 2000, the companies said.

The three ventures are as follows:

-- an IP (Internet Protocol) network backbone company to be incorporated as Reach Ltd., which merges the international infrastructure assets and businesses of the two carriers and is equally owned by them.

-- the Regional Wireless Company (RWC), which will operate across the Asia-Pacific region, starting with PCCW's mobile business, CSL. Telstra acquired 60 per cent of CSL for $US1.68 billion.

-- the Internet Data Center Company (IDC), which will combine resources from the two partners to establish a new Asia-Pacific data centre business. It will build and operate a network of Internet data centres throughout the Asia-Pacific region, initially located outside PCCW's and Telstra's home markets.

The companies said their primary customers will be:

-- international and domestic carriers

-- value-added service providers such as voice resellers, ISPs (Internet service providers) and ASPs (application service providers) -- local access service providers such as utilities, mobile companies and cable companies-- other divisions inside the two parent companies, Telstra and PCCW.

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