Colocation Space in New 96,000 Square Foot Facility Already Sold Out
Third Facility Planned to Accommodate Growing Demand
BROOMFIELD, Colo., September 11, 2000 – Level 3 Communications, Inc. (Nasdaq:LVLT) today announced that it has opened a second advanced data center in Silicon Valley. The 96,000 square foot building, located in Sunnyvale, has already sold out of colocation space, and Level 3 now plans a third such facility to accommodate growing customer demand.
"Silicon Valley continues to be the hub of the Internet Economy," said Kevin J. O'Hara, president and chief operating officer for Level 3. "Demand for our services there continues to grow, and, at the moment, is outpacing our construction of new facilities. We already have commitments for all of the colocation space in our new data center and are now preparing to build a third such facility in response to the demand we are seeing in this critical market."
In October 1998, Level 3 opened its first advanced data center in Sunnyvale. That facility comprises 77,000 square feet. Construction on the second was completed in June 2000. The third facility is expected to be operational in the first quarter of 2001. Level 3's advanced data centers, called "Gateways," are connected to the company's international Internet Protocol-based network. Gateways serve as portals to the network and provide a fail-safe environment in which web-centric companies can physically locate their equipment. The facilities also house Level 3's own equipment and offer customers interconnection with the public Internet and other local and long distance networks.
Level 3 has secured more than 4.4 million square feet of data center space around the world and pre-funded the acquisition and construction of another 2.1 million square feet. Level 3's continuously upgradable network features advanced technology that provides high-quality, low-cost services that enable web-centric businesses to add value and, in turn, deliver their services to end-users, including residential customers.
Level 3 enables Web-centric companies to grow more rapidly by providing infrastructure and network services to help them meet increasing demand for e-commerce, streaming audio and video, and many other Web-based services.
(*Softswitches are advanced software based switching systems that enable Level 3 to provide services combining the best features of the Internet and traditional 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.
