One of Europe's Largest Broadband Communications Companies Purchases Network Services from Level 3 in Europe and North America and on Level 3's Transatlantic Cable
BROOMFIELD, Colo., June 12, 2001 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced it has signed agreements to provide a range of network services to NTL (a division of NTLI; NYSE:NLI), the United Kingdom's leading broadband communications company, providing services throughout the British Isles, Europe and Australia. NTL purchased services from Level 3 in Europe and North America and on Level 3's transatlantic cable. Under the terms of the agreements with Level 3, NTL purchased international private lines connecting London to New York and Washington, D.C., colocation space in Level 3 data centers in London, Washington, D.C. and New York, plus Level 3's (3)CrossRoads service.
"We're very pleased that NTL has selected Level 3 to support its broadband services," said Bob Yates, president of Level 3's operations in Europe. "Because it is continuously upgradeable, our network offers customers the ability to take advantage of new technologies and dramatically lower their network costs over time. We look forward to working with NTL as it moves ahead with ambitious plans to expand its business."
Peter Ryde, managing director of NTL Wholesale added: "Working with Level 3 has proved mutually beneficial. As we now expand our services we can be confident of the service levels that the company will be offering. Level 3?s experience and the capability of its network were significant factors in choosing to work with them."
More on NTL
NTL offers a wide range of communications services to homes and business customers throughout the UK, Ireland, Switzerland, France, Germany and Sweden. Over 20 million homes are located within the NTL's group franchise areas, covering major European cities including London, Paris, Frankfurt, Zurich, Stockholm, Geneva, Dublin, Manchester and Glasgow. NTL and its affiliates collectively serve over 8.4 million residential cable telephony and Internet customers, including approximately 1.5 million off-net Internet and telephony customers. In the UK, over 11 million homes are located within NTL's fiber-optic broadband network, which covers nearly 50% of the UK including, London, Manchester, Nottingham, Oxford, Cambridge, Cardiff, Glasgow and Belfast. NTL now serves over 2.8 million on-net residential, cable telephony and Internet customers and approximately 1.5 million off-net Internet and telephony customers, across the UK. NTL has over 76,000 UK business customers, including Royal Bank of Scotland, Comet, AT&T and Orange. NTL offers a broad range of technologies and resources to provide complete multi-service solutions for businesses from large corporations to local companies. NTL has a 40-year history in Broadcast TV and radio transmission and helped pioneer the technologies of the digital age. 22 million homes watch ITV, C4 and C5 thanks to NTL?s broadcast transmitters.
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.
