<PAGE> 1
EXHIBIT 99.2
NOTICE OF GUARANTEED DELIVERY
FOR
TENDER OF ALL OUTSTANDING
13.375% SENIOR NOTES DUE 2010
IN EXCHANGE FOR NEW
13.375% SENIOR NOTES DUE 2010
OF
ASIA GLOBAL CROSSING LTD.
Registered holders of outstanding 13.375% Senior Notes due 2010 (the
"Private Notes") who wish to tender their Private Notes in exchange for a like
principal amount of new 13.375% Senior Notes due 2010 (the "Exchange Notes") and
whose Private Notes are not immediately available or who cannot deliver their
Private Notes and Letter of Transmittal (and any other documents required by the
Letter of Transmittal) to United States Trust Company of New York (the "Exchange
Agent") prior to the Expiration Date, may use this Notice of Guaranteed Delivery
or one substantially equivalent hereto. This Notice of Guaranteed Delivery may
be delivered by hand or sent by facsimile transmission (receipt confirmed by
telephone and an original delivered by guaranteed overnight courier) or mail to
the Exchange Agent. See "The Exchange Offer -- Guaranteed Delivery Procedures"
in the Prospectus.
THE EXCHANGE AGENT FOR THE EXCHANGE OFFER IS:
UNITED STATES TRUST COMPANY OF NEW YORK
<TABLE>
<S> <C> <C>
By Registered or Certified Mail: By Hand Delivery By Overnight Courier and By
(before 4:30 p.m.): Hand after 4:30 p.m. on the
Expiration Date:
United States Trust Company of United States Trust Company of United States Trust Company of
New York New York New York
P.O. Box 843 Cooper Station 111 Broadway 770 Broadway, 13th Floor
New York, New York 10276 New York, New York 10006 New York, New York 10003
Attn: Corporate Trust Services Attn: Lower Level Corporate Attn: Corporate Trust Operations
Trust Window
</TABLE>
By Facsimile:
(212) 780-0592
Attn: Customer Service
Confirm by telephone:
(800) 548-6565
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS
SET FORTH ABOVE OR TRANSMISSION VIA A FACSIMILE TRANSMISSION TO A NUMBER OTHER
THAN AS SET FORTH ABOVE WILL NOT CONSTITUTE A VALID DELIVERY.
This Notice of Guaranteed Delivery is not to be used to guarantee
signatures. If a signature on a Letter of Transmittal is required to be
guaranteed by an Eligible Institution (as defined in the Prospectus), such
signature guarantee must appear in the applicable space provided on the Letter
of Transmittal for Guarantee of Signatures.
<PAGE> 2
Ladies and Gentlemen:
The undersigned hereby tenders to the Exchange Agent or the Luxembourg
Exchange Agent the principal amount of Private Notes indicated below, upon the
terms and subject to the conditions contained in the Prospectus dated
, 2001 of Asia Global Crossing Ltd. (the "Prospectus"), receipt of
which is hereby acknowledged.
DESCRIPTION OF SECURITIES TENDERED
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------
NAME AND ADDRESS OF CERTIFICATE NUMBER(S)
REGISTERED HOLDER AS IT OF PRIVATE NOTES
APPEARS ON THE TENDERED (OR ACCOUNT PRINCIPAL AMOUNT
RESTRICTED NOTES NUMBER AT BOOK-ENTRY OF PRIVATE NOTES
NAME OF TENDERING HOLDER (PLEASE PRINT) FACILITY) TENDERED
-------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
----------------------------------------------------------------------------
</TABLE>
SIGN HERE
Name of Registered or Acting Holder:
-----------------------------------------------------------------------
Signature(s):
--------------------------------------------------------------------------------
Name(s) (please print):
--------------------------------------------------------------------------------
Address:
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Telephone Number:
--------------------------------------------------------------------------------
Date:
--------------------------------------------------------------------------------
<PAGE> 3
THE FOLLOWING GUARANTEE MUST BE COMPLETED
GUARANTEE OF DELIVERY
(Not to be used for signature guarantee)
The undersigned, a member of a recognized signature guarantee medallion
program within the meaning of Rule 17Ad-15 under the Securities Exchange Act of
1934, as amended, hereby guarantees to deliver to the Exchange Agent at one of
its addresses set forth above, the certificates representing the Private Notes
(or a confirmation of book-entry transfer of such Restricted Notes into the
Exchange Agent's account at the book-entry transfer facility), together with a
properly completed and duly executed Letter of Transmittal (or facsimile
thereof), with any required signature guarantees, and any other documents
required by the Letter of Transmittal within three business days after the
Expiration Date (as defined in the Prospectus and the Letter of Transmittal).
Name of Firm: ----------------------------------------
Address: ---------------------------------------------
------------------------------------------------------
(Zip Code)
Area Code and Telephone No.:
-------------------
------------------------------------------------------
(Authorized Signature)
Title:
------------------------------------------------
Name:
----------------------------------------------
------------------------------------------------------
------------------------------------------------------
(Please type or print)
Date:
-----------------------------------------------
NOTE: DO NOT SEND PRIVATE NOTES WITH THIS NOTICE OF GUARANTEED DELIVERY. PRIVATE
NOTES SHOULD BE SENT WITH YOUR LETTER OF TRANSMITTAL.
