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Asia Netcom Solidifies Position at the Annual Frost & Sullivan Asia-Pacific ICT Awards

Asia Netcom demonstrated its leadership and innovative edge yet again when it was selected as recipient of the 2006 Data Communications Service Provider of the Year Award for the second year running at the annual Frost & Sullivan Asia-Pacific ICT Awards.

Receiving the same honor last year, this year's award solidifies Asia Netcom's position as the leading data communications network provider in Asia-Pacific.

"We are pleased to receive this award two years in a row," said Bill Barney, Asia Netcom's President and Chief Executive Officer. "This honor validates the industry's belief in Asia Netcom's ability to offer and deliver best-in-class services, backed by world-class network operations and customer service centers around the region."

Said Sin Siew Teyew, Head of Telecoms Research at Frost & Sullivan Asia Pacific, "Asia Netcom has successfully transformed itself from a pure capacity player to a service provider focused on its core competency of data and IP solutions. Adopting a consultative selling approach and delivering customized solutions from its comprehensive portfolio of local-to-global business data services, Asia Netcom has today evolved into the region's leading data communications service provider."

All nominees were evaluated on a variety of actual market performance indicators for the financial year 2005, which include revenue and growth in revenue for retail WAN (wide area network) services, leadership in product/service innovation, breadth of products and solutions, major customer acquisitions, and business and market strategy.

Since it launched in March 2003, Asia Netcom has leveraged its leadership in IP services by being the first regional carrier to market a Native IP platform that powers a MPLS-based IP VPN offering with 5 Class-of-Service (CoS) options and usage-based billing. These features significantly enhance flexibility and cost efficiency for enterprises rolling out IP VPN-based WANs. The industry-leading IP VPN 5 CoS offering has been a key driver during the past year in the growth of the company's enterprise customer base, delivering a 65% year-over-year growth in IP VPN services.

About Asia Netcom

Winner of Frost & Sullivan's 'Data Communications Service Provider of the Year' award two years running, Asia Netcom operates an extensive telecommunications network infrastructure in the Asia Pacific region, including a privately-owned subsea cable system, EAC, as well as extensive terrestrial backhauls and telehouses in all key Asian markets. Leveraging these strategic assets, Asia Netcom provides a comprehensive portfolio of city-to-city connectivity, data communications and IP-based solutions and services to enterprise, ISP and carrier customers in the Asia Pacific region. The company is headquartered in Hong Kong with local offices in all major Asian markets, the US and Europe. For more information, please visit: http://www.asianetcom.com

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com

For more information, contact:

Clement Teo

Asia Netcom

Tel: +65-62336331

Email: clement.teo@asianetcom.com

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