Services Purchased on Level 3 Network Segments in North America and on Company's Newly Activated Transatlantic Cable
BROOMFIELD, Colo., Feb. 6, 2001 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced it has signed agreements to provide network services to Infonet Services Corp.; Oracle Corp.; Telocity, Inc.; Verestar Inc.; and two international communications companies. All six companies have purchased (3)Link Private Line transport services from Level 3 either in the United States or on the company's newly activated transatlantic cable connecting its North American and European networks. The combined value of the agreements is approximately $45 million. "We're pleased that these companies have chosen our network for their data transport needs," said Dan Caruso, group vice president, Optical and IP Lines of Business for Level 3. "Now that construction of our global broadband network is essentially complete, we expect to see increasing demand for our transport services in North America and Europe, and on our transatlantic cable. We feel that the high growth rate of our Global Transport Services will grow significantly with the introduction in two weeks of an innovative new optical transport program designed initially for large communications carriers." Level 3 plans to officially launch the new optical transport program at CompTel's 20th anniversary convention later this month in Orlando, Florida. The new program features annual price decline and service activation commitments, and provides a cost effective alternative for companies that might otherwise build communications networks or install electronics to "light" dark fiber. The new program underscores Level 3's commitment to bringing Silicon Economics to the telecommunications industry. The new program initially will apply primarily to the company's (3)Link Global Wavelength service, but Level 3 expects the program will soon encompass its (3)Link Private Line, (3)CrossRoads and Softswitch services lines of business. "In many situations, (3)Link Global Wavelength services offer greater bandwidth flexibility and efficiency than other transmission options," said David Boyle, vice president of Global Optical and Transport Services for Level 3. "ISPs, carriers and other communications intensive companies can realize significant cost, time to market and bandwidth management advantages using our wavelength services." Global Transport ServicesAbout 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.
