A consortium led by China Netcom Corp has signed a deal to buy Asia Global Crossing, undersea cable operator.

以中国网络通信集团公司为首的一个联合体签署了一份协议，购买海底光缆运营商亚洲环球电讯。

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Pacific Crossing, which is 85% owned by Asia Global Crossing, has filed for bankruptcy under Chapter 11 of the US bankruptcy Code.

太平洋电讯(亚洲环球电讯控制其85%的股份)，已经申请美国破产法第11章的保护。

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The acquisition will pave the way for a restructuring of the $750 million in debt owed by Asia Global Crossing, which has now filed for Chapter 11 bankruptcy protection.

亚洲环球电讯现在已经申请了第11章的破产保护，这次收购将为其7.5亿美元的债务重整铺平道路。

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And Asia Global Crossing will get several of its cables up and running even before Tiger.

ECONOMIST: Fibre-optic cables in Asia

The deal involved Asia Global Crossing, a 1999 joint venture by Global Crossing, Softbank and Microsoft to build an Asian network.

FORBES: Magazine Article

The biggest is Asia Global Crossing, a venture backed by Global Crossing, Microsoft and Goldman Sachs, as well as by Japan's Softbank.

ECONOMIST: Fibre-optic cables in Asia