LEVEL 3 ANNOUNCES APPOINTMENT OF STEVE LIDDELL AS PRESIDENT FOR ASIA
London – May 20, 1999 – Level 3 Communications, Inc. (Nasdaq: LVLT) today announced the appointment of Steve Liddell as President for Asia. Liddell will report to Colin Williams, president of Level 3 International, and will have the responsibility for overseeing all operations in the Asia Pacific region. "I am especially pleased to join Level 3 International at this stage of its growth," said Liddell.
"Level 3 is committed to becoming the global leader in the provision of end-to-end, high speed broadband services and in order to do this it is essential to build a strong Asian business presence. Bandwidth is the key to success in Asia. Corporations, content providers and all Internet-related companies are crying out for broadband connectivity. Level 3 Communications is a company committed to radically reducing the cost of moving information on a bit per mile per second basis. I'm delighted to be joining a company dedicated to fulfilling this vision." Colin Williams, president of Level 3 International said, "I am particularly pleased to have an executive of Steve Liddell's calibre joining Level 3's international team. He brings exceptional skills and experience to our global business and has demonstrated success in developing a high growth, competitive international business from start-up. Steve has played a leading role in the liberalization of telecoms markets across the Asian region and will drive Level 3's development in Asia Pacific."
Prior to joining Level 3, Liddell held senior management positions with several major international telecoms carriers. Most recently, he was president for the Asia Pacific region with MCIWorldcom, where he was responsible for developing MCIWorldcom's operations in the region since its launch in 1996. Before this at MFS International, Liddell was responsible for launching the company's first facilities-based international end-to-end services. Liddell also held a variety of management positions with BT in the UK and USA. Liddell will be based at Level 3's regional headquarters in Hong Kong. The company expects to be providing services in three Asian cities by the second half of 2000.
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.
