stake in Asia Global Crossing Ltd., the pan-Asian telecommunications carrier which is planning an initial public offering, a US regulatory filing showed.

The investors -- Hong Kong conglomerate Hutchison Whampoa Ltd., Singapore Technologies Telemedia and Taiwan's Microelectronics Technology Inc. have now agreed to buy 13.8 million of the 53 million shares the company plans to offer, according to an amended prospectus filed with the US Securities and Exchange Commission on Tuesday.

Previously, they had agreed to buy 9.2 million of 62.2 million shares planned for the IPO.

The new agreement increases the investors' stake to 26 percent from 14.8 percent, as a result of increasing their shares while the company reduced its original offering.

The three investors have agreed to pay a total of $138 million for the shares of Asia Global Crossing, a subsidiary of Global Crossing Ltd., the recent filing showed.

Hutchison Whampoa and Singapore Technologies Telemedia each will invest $50 million and Microelectronics Technology will put in $38 million, according to the filing.

Hamilton, Bermuda-based Asia Global Crossing was formed in November 1999 as a joint venture between Global Crossing, Microsoft Corp. and Softbank Corp.

With offices in Beverly Hills, California, Hong Kong and Tokyo, it intends to provide Internet, data, voice and Web-hosting services to wholesale and business customers.

The revised filing also shows the company cut the projected price range of its IPO to $9 to $11 per share from $14 to $16 each, terms that could net the company $896 million.

That is down 31 percent from the previous amount expected of $1.3 billion.

The underwriters, led by Goldman, Sachs & Co. and Salomon Smith Barney, have the option to buy 7.95 million more shares to cover over-allotments, the SEC filing showed.

After the offering there will be 53 million Class A common shares and 486.6 million Class B shares outstanding in the company.

It plans to use the money for building its network, investing in telecommunications and Internet companies, debt repayment and general corporate purposes.

The company has been approved to trade its shares on Nasdaq under the symbol "AGCX''.