DONALD H. GIPS NAMED SENIOR VICE PRESIDENT OF CORPORATE DEVELOPMENT FOR LEVEL 3 COMMUNICATIONS, INC.
Former Chief Domestic Policy Advisor to Vice President Gore to Oversee Strategic Planning for Level 3
OMAHA, NEBRASKA, November 24, 1998 – Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that Donald H. Gips has been appointed Senior Vice President of Corporate Development for the company. Gips, who is based in the Denver area, and his team are responsible for the development and implementation of
Level 3's strategic planning activities. He also will oversee the company's mergers and acquisitions, as well as government relations efforts.
"I am very pleased to be joining Level 3 as they are at the forefront of a new era in communications," Gips said. "The industry is going through some fundamental changes and I am looking forward to being with a company that is helping to shape the future."
"Don has an impressive background in strategic planning and government policy specializing in communications technology, and we are very pleased to have him join our team," said James Q. Crowe, Level 3 president and CEO. "His strategic policy and planning experience with the FCC and as a key advisor to the Vice President will prove a great asset as we expand in the U.S. and in Europe."
In his previous job, Gips served in the White House as Chief Domestic Policy Advisor to Vice President Gore. Following his work at the White House, he served as a Visiting Fellow at the Center for Strategic and International Studies. Before working at the White House, he was at the Federal Communications Commission as the International Bureau Chief and the Director of Strategic Policy. Prior to his government service, Gips was a management consultant at McKinsey and Company. Gips was graduated from the Yale School of Organization and Management with a Masters degree in Public and Private Management. He completed his undergraduate work at Harvard University where he received a BA in social studies and graduated magna cum laude with honors.
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT), an international communications company, operates one of the largest Internet backbones in the world, connecting 180 markets in 18 countries. The company serves a broad range of wholesale, enterprise and content customers with a comprehensive suite of services including: Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice and voice over IP services, content delivery and media distribution services. These services provide the building blocks to enable Level 3’s customers to meet their growing demands for advanced communications solutions. The company’s Web address is www.Level3.com.
"Level 3 Communications,” "Level 3," the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein may be trademarks or service marks of their respective owners.
Forward-Looking Statement
Some of the statements that we make in this press release are forward looking in nature. These statements are based on management’s current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside our control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent us from achieving our stated goals include, but are not limited to our ability to: successfully integrate acquisitions; increase the volume of traffic on our network; defend our intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of our debt obligations. Additional information concerning these and other important factors can be found within Level 3’s filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
