Agreement Makes Level 3 One of eBay's Primary Providers of Bandwidth Services
BROOMFIELD, Colo., February 6, 2002 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced that it has signed an agreement to provide Internet access service to eBay Inc., the world's online marketplaceTM.
eBay is using Internet access from Level 3 to deliver services to almost 62 million registered members, who use eBay to buy and sell a wide variety of goods and services over the Internet. The deal makes Level 3 one of eBay's primary providers of bandwidth.
Glenn Beeswanger, vice president of operations for eBay said, "We selected Level 3 as a broadband services provider because of its ability to provision services quickly and efficiently and because of its strong reputation for operational excellence and customer care."
"eBay has been called the perfect store," said Kevin O'Hara, president and COO for Level 3. "Last year, people around the world used eBay to consummate transactions valued at approximately $15 billion, making eBay one of the most successful e-commerce companies anywhere. We are very pleased they have chosen Level 3 as a network provider and look forward to working with them to deliver a reliable, satisfying online experience to their members."
eBay is using Level 3's (3)CrossRoads service, which connects Level 3's customers and network in the U.S. and Europe with the networks that comprise the public Internet. Level 3 is one of the world's leading providers of Internet connectivity and colocation services for Internet service providers, search-engines and portals.
Founded in September 1995, eBay is the leading online marketplace for the sale of goods and services by a diverse community of individuals and businesses. Today, the eBay community includes 62 million registered users, and is the most popular shopping site on the Internet when measured by total user minutes, according to Media Metrix. Based in San Jose, eBay had revenues of more than $1.21 billion in 2002.
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.
