Level 3 to Become One of Yahoo!?s Primary Providers of Bandwidth Services
BROOMFIELD, Colo., April 9, 2001 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced that it has signed a new multi-year, multi-million dollar agreement with Yahoo! further extending their relationship in North America. Under the terms of this new agreement, Yahoo! will use Level 3's (3)CrossRoads Internet access service for delivery of its digital content and streaming applications. This includes the core Yahoo! services, Yahoo! Broadcast and Yahoo! Finance Vision. "We are extremely pleased to expand our relationship with Yahoo!" said Kevin J. O'Hara, president and COO for Level 3. "We have consistently positioned the Level 3 network as unique in its ability to meet the needs of leading customers like Yahoo!, not just in terms of lower cost but also in quality of service. We have maintained a strong relationship with Yahoo! for the past several years in North America, expanded our relationship into Asia last year, and look forward to continuing to work closely with them. As a leading global Internet communications, commerce and media company, Yahoo!'s needs are well matched to the services we offer."
This is a significant agreement for both parties, not only in commercial terms but it will also result in improved performance for Yahoo! users as well as Level 3's customers who, through Level 3's unique global network will be just one hop away from this premier Internet brand. "We are continually focused on providing the highest-level Internet experience to our users, and working with Level 3's advanced global IP network and bandwidth services has allowed us to better deliver our digital content to audiences across the Yahoo! network," said Farzad Nazem, CTO at Yahoo!. "We are eager to continue working with Level 3 and to provide our customers with the most reliable, highest quality Internet services."
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.
