Level 3 Announces 15-Year Lease With Lehman Brothers in Manhattan
Lehman Leases More Than 50,000 Square Feet At Level 3 Data Center
BROOMFIELD, Colo., December 17, 2001 - Level 3 Communications, Inc. (Nasdaq:LVLT) announced today that it has signed a 15-year lease agreement to provide data center space to Lehman Brothers, the global investment banking firm.
Lehman Brothers has leased more than 50,000 square feet at one of Level 3's data centers in Manhattan. Lehman will use the space to enhance its internal data network and other operating systems.
"Lehman is one of the world's premier financial institutions," said Kevin O'Hara, Level 3's president and chief operating officer. "Lehman's decision to choose Level 3 now gives us an anchor tenant at this facility. This agreement is further testament to the breadth and quality of our network infrastructure."
Level 3's advanced data centers are connected to the company's global network in major markets around the world. They serve as portals to the network and provide a secure environment in which customers can physically locate their equipment. The facilities also house Level 3's own equipment and offer customers interconnection with the public Internet and other communications networks.
In the New York metropolitan area, Level 3 has eight advanced data centers with more than 750,000 square feet of technical space.
Lehman Brothers (NYSE:LEH) serves the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private equity, and private client services. The firm is headquartered in New York, London, and Tokyo and operates in a network of offices around the world.
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.
