Yahoo! Hong Kong to Use Level 3's International Bandwidth to Provide Digital Media Streaming Services Over the Internet
Broomfield, CO, November 29, 2000 – Level 3 Communications, Inc. (Nasdaq: LVLT), today announced an agreement with Yahoo! Holdings Ltd., Hong Kong. Yahoo! Hong Kong will colocate in Level 3's advanced data center in Hong Kong and use its dedicated international bandwidth services to provide digital media streaming services over the Internet.
Under the terms of the agreement, Yahoo! Hong Kong will use Level 3's (3)Center® Colocation service to house Yahoo! equipment in Level 3's advanced data center that recently opened in Hong Kong. Additionally, through Level 3's (3)CrossRoads® service, Yahoo! Hong Kong will connect to Level 3's global Internet Protocol (IP) network to deliver Broadcast services, – services which include audio and video content and features such as Yahoo! Hong Kong Movies, Yahoo! Hong Kong News and live and on-demand events. "We are extremely pleased to extend our relationship with Yahoo! and to now have Yahoo! Hong Kong as a key customer in Asia," said Steve Liddell, president and CEO of Level 3, Asia. "For all IP-intensive companies including streaming media providers, the ability to access global bandwidth at a low cost is key to their success. Level 3 is committed to providing the much-needed broadband capacity to enable these companies to deliver more enhanced Internet services in the new era of communications." "Yahoo! content and services have become an essential part of people's daily lives and we are committed to continually providing our customers and consumers with the highest quality and widest range of services," said Alfred Tsoi, general manager, Yahoo! Hong Kong. "We are pleased to be working with Level 3 to enhance delivery of our audio and video content to mass, scalable audiences accessing the Yahoo! network."
About (3)Center Colocation
Level 3 offers its (3)Center Colocation services through its advanced data centers, called Gateways. Level 3's Gateways are connected to the company's international Internet Protocol-based network. Gateways serve as portals to the network and provide a secure environment in which IP intensive 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 long distance networks. Level 3 currently operates Gateways in 52 markets in the United States, Europe and Asia. The company has more than 5.5 million square feet of data center space around the world, and pre-funded the acquisition and construction of another 1.0 million square feet.
About (3)CrossRoads
Level 3 offers Internet access through its (3)CrossRoads service, which features Destination Sensitive Billing (DSB), the industry's first pricing based on the destination of Internet traffic, rather than traditional flat rate pricing. (3)CrossRoads enables Level 3 customers to enjoy long-term cost savings and bypass congested Internet exchange points, minimizing latency and improving end-user experience. Level 3 is the first company in Asia to offer these kinds of IP services on a global basis via its global IP network. Level 3 established its Asian headquarters in Hong Kong in May last year and has since made substantial progress in bringing its Internet-enabling business strategy to the region's IP-intensive companies. Level 3 was awarded the first cable-based EFTNS license in July this year and its broadband submarine cable linking Hong Kong and Tokyo will become operational in the second quarter of 2001.
3)Center Colocation and (3)CrossRoads are registered service marks of Level 3 Communications, Inc. in the United States and/or other countries.
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.
