Broomfield, Colo. (ots-PRNewswire) - Joint Build Strategy Allows
for More Rapid Deployment of Additional Capacity On World's Busiest
Trans-Oceanic Communication Route
1.28 Terabit Cable Expected to Be Ready for Service by September
2000. Cable Sets New Capacity and Capability Record for the World's
Trans-Oceanic Cables. New Co-Build Strategy Preserves Flexibility to
Take Advantage of Next Generation Technology as It Emerges.
Level 3 Communications, Inc. (Nasdaq: LVLT) today announced an
agreement whereby Global Crossing Ltd. (Nasdaq: GBLX) will acquire a
50 percent ownership interest in the previously announced Level 3
transatlantic fiber optic cable now under construction. Level 3 also
announced that it will acquire capacity on Global Crossing's
transatlantic cable Atlantic Crossing 1 (AC 1).
The four fiber pair, 1.28 terabit system -- announced by Level 3
in April 1999 -- is already under construction and has a scheduled
in-service date of September 2000. Under the co-build agreement,
Level 3 and Global Crossing will each separately own and operate two
of the four fiber pairs on this transatlantic cable. Landing stations
are on Long Island in the United States and on the West Coast of the
United Kingdom. The cable will use advanced optical transmission
technology to maximize capacity.
Level 3 is managing the construction of the cable. Level 3's two
fiber pairs will continue to be called Project Yellow. In addition,
Level 3 will acquire capacity on Global Crossing's AC 1. This AC 1
capacity will enable Level 3 to offer protected services and develop
its meshed network architecture across the Atlantic.
Global Crossing's two fiber pairs will be called Atlantic Crossing
2, or AC-2, a system announced in March 1999 to provide
double-redundancy across the highly trafficked Atlantic corridor, and
will be fully integrated with the Global Crossing Network.
About Level 3 Communications
Level 3 (Nasdaq: LVLT) is a communications and information
services company offering a wide selection of IP-based services
including broadband transport, colocation services, submarine
transmission services and the industry's first Softswitch* based
services. Level 3 offers services primarily to Web-centric companies,
which deliver their services over the Level 3 Network. The Level 3
Network will include metropolitan networks in 56 U.S. markets and 21
international markets connected by an approximately 16,000 mile U.S.
intercity (long-distance) network, an approximately 4,750 mile
European intercity network and both transpacific and transatlantic
undersea cables. The U.S. and first two rings of the European
intercity network are expected to be substantially completed during
the fourth quarter of 2000. Level 3 currently offers Internet
infrastructure services in 27 U.S. markets and four European markets.
Its Web address is www.Level3.com
(* Softswitches are advanced software based switching systems,
which enable Level 3 to provide services combining the best features
of the Internet and traditional telephone networks.)
Some of the statements made by Level 3 in this press release are
forward- looking in nature. Actual results may differ materially from
those projected in forward-looking statements. Level 3 believes that
its primary risk factors include, but are not limited to: substantial
capital requirements, development of effective internal processes and
systems; the ability to attract and retain high quality employees;
changes in the overall economy; technology; the number and size of
competitors in its markets; law and regulatory policy; and the mix of
products and services offered in the company's target markets.
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 release should be evaluated
in light of these important factors.
ots Original Text Service: Level 3 Communications, Inc.
News Media: Josh Howell, (USA) 720-888-2517, or
Steve Ingish, (USA) 720-888-2521, or
Investors: Julie Stangl, (USA) 720-888-2500, all of Level 3
PRN Photo Desk, (USA) 888-776-6555 or 201-369-3467
Web site: http://www.level3.com
Original-Content von: Level 3 Communications, übermittelt durch news aktuell