California Institute of Technology Signs 10-Year Metropolitan Dark Fiber Agreement
London's City University Purchases Colocation and Metropolitan Dark Fiber Services
BROOMFIELD, Colo., October 21, 2002 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced it has signed broadband infrastructure agreements with the California Institute of Technology (Caltech) and London's City University.
Specifically, Caltech signed a 10-year IRU agreement for metropolitan dark fiber in Los Angeles. London's City University signed a three-year agreement for colocation and metropolitan dark fiber services in London.
"Level 3's colocation and dark fiber services provide our students and academics with a rapid broadband connection to the worldwide web, a vital tool enabling us to access and exchange information key to maintaining our position as one of Britain's top educational and research institutions," stated Peter Leggett, computing services director for City University. "Their delivery intervals allowed us to meet our project deadlines in time for the start of term."
John Dundas, director of ITS Infrastructure for Caltech said, "Dark fiber services from Level 3 enable Caltech to fully participate in the next generation of CENIC's CalREN-2 and provide enhanced connectivity with Internet 2. Academic and research interests will be served in a cost effective way not previously possible."
"As bandwidth demands increase, the research and academic community is increasingly turning to customized services that deliver exceptional quality, scalability and control over networking needs," said Jack Waters, CTO for Level 3. "We believe our broadband infrastructure, transport and IP services, and network connectivity are well suited to serving the requirements of this market."
Broadband Infrastructure 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 500 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.
Level 3 offers colocation services in 66 markets in the U.S. and Europe. Level 3's carrier-neutral data centers serve as portals to other communications networks as well as to the Level 3 backbone.
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.
