LEVEL 3 TO BUILD TELECOMMUNICATIONS FACILITY IN NORTH CAROLINA
BROOMFIELD, COLORADO, September 23, 1999 – Level 3 Communications, Inc. (Nasdaq: LVLT) announced today that it will build a telecommunications facility in Charlotte, North Carolina, which will enable it to offer a broad range of services in the region.
The company also announced that is has acquired more than 43,000 square feet of building space in Charlotte for the technical facility. The facility will be located at 4021 Rose Lake Drive and will include telecommunications equipment as well as space for colocation services and for future expansion. Colocation services will enable Level 3's customers a rapid, cost-effective way to launch Web-based businesses, by providing those customers with technical space, equipment and network access within Level 3's telecommunications center.
The company expects to complete the telecommunications facility by the second quarter of 2000. Initially, a staff of 12 sales and technical professionals will operate the facility with possible expansion to keep pace with growth. "We are pleased to be moving into the Charlotte market, where we believe we can offer a new level of communications services," said Patrick Lynch, vice president of Real Estate for Level 3. "We have secured space to begin building our technical hub, and we believe our advanced technology will be a positive contribution to the region's communications infrastructure. Establishing a facilities-based presence in the Charlotte metropolitan area is also an important step in Level 3's overall business plan to connect key markets throughout the U.S. to its national IP-based network." Level 3 is currently offering services in 21 U.S. cities and four European cities. By year-end 1999, Level 3 expects to offer services in 27 U.S. cities and five European cities. When completed, the Level 3 Network will include local facilities in 56 U.S. cities and 23 international cities connected by an approximately 16,000 mile U.S. intercity network and an approximately 4,750 mile European network.
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.
