BROOMFIELD, Colo. (ots-PRNewswire) - Level 3 Receives License From
Hong Kong Government to Link Hong Kong to Japan via Undersea
Fiber-Optic Cable / Level 3 to Build Landing Station Near Tokyo to
Bring Ashore Cable in Japan
Level 3 Communications, Inc. (Nasdaq: LVLT) today announced two
key developments in its preparations to launch Internet and
communications service in Hong Kong and Tokyo.
The company announced that the Hong Kong government has awarded
Level 3 an External Fixed Telecommunications Network Services (EFTNS)
license, which grants it permission to provide and operate
international facilities-based telecommunications services via its
undersea fiber-optic cable linking Hong Kong to Japan. Additionally,
Level 3 has purchased a coastal site in Japan to bring ashore the
high-speed, broadband cable. Level 3 expects to begin offering
broadband services in Hong Kong and Tokyo in the fourth quarter of
this year. Today's announcements follow Tuesday's news that the
company plans to expand into Taiwan and Korea.
"Approval of this important EFTNS license from the Hong Kong
government represents a significant milestone for Level 3, as it
brings us an important step closer to delivering low cost bandwidth
services to Internet service providers and other Web-centric
companies in Hong Kong," said Steve Liddell, chief executive officer
of Level 3's Asian operations. "Combined with our Japan landing
station and our expansion plans in Korea and Taiwan, we're poised to
become a major supplier of broadband infrastructure services in
Level 3's undersea cable will come ashore in Japan on Wada Town in
the Chiba area, a site close to Tokyo, and connect to the company's
Internet and communications facility in Minato-ku. It will
interconnect with the Japan-U.S. cable nearby at Maruyama, linking
Level's 3's Asian network to its network in the United States. The
Hong Kong-Japan cable is expected to begin carrying Internet and
communications traffic in the second quarter of 2001, and will play
an integral role in enabling the Internet economy in Asia.
Since establishing its Asia headquarters in Hong Kong last year,
Level 3 has made substantial progress in bringing its
Internet-focused business strategy to the region. The company
announced plans to build the first leg of its North Asia undersea
fiber-optic cable system connecting Japan to Hong Kong in January.
Level 3 is also in the advanced stages of building gateway facilities
in Hong Kong's Quarry Bay and the Minato-ku district of Tokyo.
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, both transpacific and transatlantic
undersea cables and 6.5 million square feet of gateway and technical
space. Level 3 expects to substantially complete the U.S. and first
two rings of the European intercity network during the fourth quarter
of 2000. Level 3 currently offers broadband infrastructure services
in 30 U.S. markets and five European markets. Its Web address is
(*Softswitches are advanced software based switching systems that
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.
U.S. News Media, Josh Howell, 720-888-2517, or Paul
Lonnegren, 720-888-6099, or Investors, Robin Miller, 720-888-2500, or
Int'l News Media, Samantha English (Hong Kong), +852 2201 8026, or
Cannis Wong (Hong Kong), +852 2201 8016, or Hideo Ikuno (Japan), +813
5721 2521, all of Level 3 Communications, Inc.
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PRN Photo Desk, 888-776-6555 or 201-369-3467
Web site: http://www.level3.com
Original-Content von: Level 3 Communications, übermittelt durch news aktuell