Table of Contents

Table of Contents

~~Table~~ SECURITIES ofAND ~~Contents~~EXCHANGE COMMISSION

~~SECURITIES~~Washington, ~~AND~~D.C. ~~EXCHANGE COMMISSION~~20549-1004

~~Washington,~~FORM ~~D.C. 20549~~8-~~1004~~K

~~FORM~~CURRENT ~~8-K~~REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~CURRENT~~Date ~~REPORT~~of report (Date of earliest event reported) January 30, 2003

~~Pursuant~~Asia toGlobal ~~Section 13~~Crossing ~~or 15(d) of the~~Ltd. ~~Securities Exchange Act of 1934~~

~~Date of report~~ (~~Date~~Exact Name of ~~earliest~~Registrant ~~event~~as ~~reported)~~Specified ~~January 28,~~in ~~2003~~Charter)

~~Asia~~Bermuda ~~Global~~(State ~~Crossing~~or ~~Ltd~~Other Jurisdiction of Incorporation) 000-30994 (Commission File Number) 98-022-4159 (IRS Employer Identification No. )

~~(Exact~~Mintflower ~~Name~~Place, 2nd Floor, 8 Par-La-Ville Road Hamilton, Bermuda (Address of ~~Registrant~~Principal asExecutive ~~Specified~~Offices) inHM08 ~~Charter~~(Zip Code)

~~Bermuda~~Registrant’s ~~(State~~telephone ornumber, ~~Other~~including ~~Jurisdiction~~area ofcode ~~Incorporation) 000-30994~~ (~~Commission File Number~~441) 98 296-~~022-4159 (IRS Employer Identification No.)~~6485

~~Mintflower~~INFORMATION ~~Place,~~TO ~~2nd~~BE ~~Floor,~~INCLUDED 8IN ~~Par-La-Ville~~THE ~~Road Hamilton, Bermuda (Address of Principal Executive Offices) HM08 (Zip Code)~~REPORT

~~Registrant’s~~Item 7. Financial ~~telephone number~~Statements, ~~including~~Pro ~~area~~Forma ~~code~~Financial ~~(441) 296-6485~~Information and Exhibits.


	(c)	Exhibits.

	99.1	Monthly Operating Report for the period from November 17, 2002 (date of filing of Chapter 11 cases) to December 31, 2002 of Asia Global Crossing Ltd.

~~TABLE~~Item 9. Regulation FD ~~OF CONTENTS~~Disclosure

	Item 5. Other Events.
	Item 7. Financial Statements and Exhibits.
SIGNATURE
	EXHIBIT INDEX
EXHIBIT 99.1
EXHIBIT 99.2

In accordance with General Instruction B.2 of Form 8-K, the following information, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. This Report (including the Exhibit hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

~~Table~~ On November 17, 2002, Asia Global Crossing Ltd., a Bermuda company in provisional liquidation in the Supreme Court of ~~Contents~~Bermuda (the “Company”), and one of its subsidiaries commenced Chapter 11 cases in the United States Bankruptcy Court for the Southern District of New York (the “U.S. Bankruptcy Court”) and, on November 18, 2002, the Company commenced coordinated proceedings in the Supreme Court of Bermuda.

~~INFORMATION~~ Attached TOhereto BEas ~~INCLUDED~~Exhibit 99.1 INis ~~THE~~the ~~REPORT~~Monthly Operating Report filed with the U.S. Bankruptcy Court by the Company for the period from November 17, 2002 to December 31, 2002.

~~Item~~ THE MONTHLY OPERATING REPORT CONTAINS FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION THAT HAS NOT BEEN AUDITED OR REVIEWED BY INDEPENDENT ACCOUNTANTS AND IS SUBJECT TO FUTURE RECONCILIATION AND ADJUSTMENTS. (See, e.g., Note 52 of the Notes to the Consolidated Financial Statements). ~~Other~~The Monthly ~~Events~~Operating Report is in a format prescribed by applicable bankruptcy laws and contains information for periods different from those required in the Company’s reports pursuant to the Exchange Act. This information might not be indicative of the Company’s financial condition or operating results for the period that would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act. Results set forth in the Monthly Operating Report should not be viewed as indicative of future results.

~~On January 29, 2003, Asia Global Crossing Ltd. (the “Company”) announced~~SIGNATURE ~~that the sale of substantially all of the Company’s operating subsidiaries~~ ~~(excluding Pacific Crossing Ltd. and related entities) to Asia Netcom transaction was approved by the U.S. Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”).~~

APursuant ~~copy~~to of the ~~Company’s~~requirements ~~press~~of ~~release~~the ~~regarding~~Securities ~~the~~Exchange ~~approval~~Act isof ~~attached hereto~~1934, as ~~Exhibit 99.1~~ amended, ~~and~~the aregistrant ~~copy~~has ofduly ~~the~~caused ~~order~~this ofreport ~~the~~to ~~Bankruptcy~~be ~~Court~~signed ison its behalf ~~attached~~by ~~hereto~~the asundersigned ~~Exhibit 99~~hereunto duly authorized.2.

~~Item 7~~ASIA GLOBAL CROSSING LTD. ~~Financial~~By: ~~Statements~~/s/ ~~and~~Stefan ~~Exhibits~~C. Riesenfeld Name: Stefan C. Riesenfeld Title: Chief Financial Officer

(c)		Exhibits.
99.1		Press Release, dated January 29, 2003
99.2		Order of the U.S. Bankruptcy Court for the Southern District of New York, dated January 28, 2003

Dated: January 31, 2003

2EXHIBIT INDEX

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		ASIA GLOBAL CROSSING LTD.
		By: /s/ Stefan C. Riesenfeld Name: Stefan C. Riesenfeld Title: Chief Financial Officer
Dated:	January 29, 2003

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release, dated January 29, 2003
99.2		Order of the U.S. Bankruptcy Court for the Southern District of New York, dated January 28, 2003

Exhibit No.

Description

Monthly Operating Report for the period from November 17, 2002 (date of filing of Chapter 11 cases) to December 31, 2002 of Asia Global Crossing Ltd.

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