Company Providing Network Services to The George Washington University, University of Oregon and Southern Crossroads
BROOMFIELD, Colo., Feb. 24, 2003 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced it has signed network services agreements with The George Washington University, the University of Oregon and Southern Crossroads.
"Driven by grid computing and other evolving applications, we're seeing increasing demand for bandwidth in the research and academic community," said Robert Hagens, senior vice president of Architecture and Deployment for Level 3. "We're pleased to be working closely with a growing number of research and academic organizations in the U.S. and Europe. Level 3 has become a leader in providing the research and academic community with cost-effective, customized broadband services that deliver unsurpassed network reliability, scalability and control."
Under the terms of their respective agreements, The George Washington University has purchased metropolitan dark fiber services, and the University of Oregon has purchased (3)CrossRoads® Internet Access and private line services.
The Southern Crossroads (SoX), a research and education network aggregator based in Atlanta, will be using private line and (3)CrossRoads services to provide Internet access and other broadband services to the University of Miami and Florida Atlantic University. Founded in 1997, SoX is designed to facilitate access to current and future digital communications services for education, research and economic development within the southeast region and across the United States.
Broadband Infrastructure and IP Services
Level 3 offers intercity and metropolitan dark fiber and colocation services in the U.S. and Europe. The company has constructed and operates local fiber networks in 27 U.S. and nine European markets, comprising more than 2,100 route miles and connecting more than 550 buildings, including carrier hotels, third-party colocation facilities and ILEC central offices. Level 3 sells dark fiber to government, financial, academic, and research institutions for high bandwidth needs that demand security, rapid deployment, and cutting edge technology.
The company operates a 10-gigabit IP backbone that spans 57 North American markets and 16 European markets and is accessible from more than 550 traffic aggregation points. Level 3 has achieved a superior cost structure and class of service capability by being the first network to leverage MPLS technology consistently throughout the core. Scalable interconnection capacity with every major IP backbone provider ensures uncongested connectivity to the global Internet.
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.
