LEVEL 3 COMMUNICATIONS ANNOUNCES NETWORK SERVICES AGREEMENT WITH AMERICA ONLINE
Broomfield, Colorado, October 21, 1999 – Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it has signed an agreement with America Online, Inc. [NYSE: AOL] for managed modem and network connection services. "AOL is clearly one of the companies in the vanguard of the information revolution," said Kathy Perone, senior vice president of Sales for Level 3. "We are pleased to provide network infrastructure services to help AOL as it continues to work to bring the best possible online experience to its members across the United States."
"We're pleased to add Level 3 as a provider of dialup access to AOLnet for the AOL and CompuServe services," said Geraldine MacDonald, vice president, AOLnet Operations. "Our agreement means that we'll be able to bring our members more modems and continue to enhance access." Level 3's Managed Modem Service was introduced in Fall 1998 and is the first service to utilize Level 3's revolutionary Softswitch-enabled network. Softswitches are technically advanced software control systems, which Level 3 uses to provide customers with services that combine the innovation and rapidly improving performance of IP networks with the reliability and ubiquity of telephone networks.
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.
