Adelphia Purchases Wavelengths From Level 3 Along Nine Intercity Routes To Enhance Its High-Speed Internet Service in North America
BROOMFIELD, Colo., August 14, 2001 - Level 3 Communications, Inc., (Nasdaq: LVLT) today announced it has signed a multi-year agreement with Adelphia Communications (Nasdaq: ADLAC) and Adelphia Business Solutions (Nasdaq: ABIZ), (collectively, "Adelphia"), one of America's largest cable and emerging telecommunications companies. Adelphia is using (3)Link Global Wavelength service from Level 3 to enhance the high-speed Internet service it offers to businesses and residential customers throughout North America. Specifically, Adelphia has purchased 2.5-gigabit wavelengths from Level 3 along nine intercity routes connecting Chicago, Denver, Los Angeles, Philadelphia, Phoenix, San Francisco, San Jose and Seattle. "We're very pleased to add Adelphia as a wavelength customer," said Kevin O'Hara, Level 3's president and chief operating officer. "We think our wavelength product is one of the best ways for customers to leverage the cost efficiency and scalability of the Level 3 Network."
With (3)Link Global Wavelength, customers purchase single or multiple wavelengths of light along particular network routes. Level 3 terminates the wavelengths at on-net customer facilities at which customers can use their existing SONET, IP and ATM equipment, thereby reducing costs. (3)Link Global Wavelength services are available in North America, Europe, and on Level 3's transatlantic cable. Level 3's technology offers increased speed and reliability to Adelphia's Internet customers in both residential and business applications. In addition to these product enhancements, this agreement presents Adelphia with a cost-effective method to interconnect its existing cable and CLEC markets in the western half of the United States. "This agreement will enhance Adelphia's high-speed Internet product, and allow us to build on the synergy between our cable and telecommunications networks without the substantial capital expenditure typically associated with a project of this magnitude," said Adelphia Business Solutions CEO James Rigas. Adelphia (Nasdaq: ADLAC) provides cable service to more than 5.5 million residential customers across the United States. It also offers digital television, paging and long-distance phone service, as well as its "Power Link" high-speed Internet access service via cable modem. Headquartered in Coudersport, Penn., Adelphia had revenues of more than $2.8 billion in 2000. Adelphia's majority-owned subsidiary, Adelphia Business Solutions, Inc. (Nasdaq:ABIZ) provides integrated communications services to business customers through its fiber-optic communications network, including local and long distance voice services, messaging, high-speed data and 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.
