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Edge2net invests US$80 mil in Asia

Edge2net Inc., a provider of international telecommunications services, plans to invest US$80 million in Asia during the next twelve months.

Edge2net Inc., a provider of international telecommunications services, plans to invest US$80 million in Asia during the next twelve months.

KIRKLAND, Wash. - The investment includes the installation of a US$6 million Nortel DMS-GSP carrier grade switch and VoIP equipment required to deliver IP-based applications and services to customers in Hong Kong and other parts of Asia.

"The new facility will serve as a regional hub for interconnecting with partners in Hong Kong and elsewhere," Mark Ozur, edge2net's chief technology officer said.

"Once the first phase of the upgrade is completed it will increase our HK base circuit-switched capacity by 10 times, which, along with the steadily increasing traffic flowing over our Internet Protocol-based switching platform, will enable edge2net to provide Voice over IP as well as enhanced voice and messaging services to more customers."

Edge2net's new Hong Kong-based Global Network Operations Center (NOC) is expected to come online this fall, which, along with a mirror NOC located at edge2net's headquarters in the United States, will provide customers with 24-hour network monitoring and maintenance support.

Chief financial officer, David Bohan, said that they anticipate total revenues of more than US$100 million by the end of 2000.