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Level 3 Completes Ring 1 Fiber Optic Network in Europe 1,900-Mile Multi-Conduit Ring Connects London, Amsterdam, Frankfurt, Paris and Brussels
Broomfield, Colo. (ots-PRNewswire) - Level 3 Communications, Inc. (Nasdaq: LVLT) today announced it has completed conduit construction and installed fiber in Ring 1 of its 4,750-mile inter-city fiber optic network in Europe. The 1,900-mile Ring 1 features 10-12 conduits connecting Level 3 data centers in London, Amsterdam, Frankfurt, Paris and Brussels.
Level 3's new European network is connected to the company's own metropolitan networks in each of these five cities. Level 3 expects to complete construction of its second European network, which will connect Frankfurt, Dusseldorf, Hamburg, Berlin and Munich, before the end of the year. Each of Level 3's European networks will be connected to the company's 16,000-mile U.S. network via a 1.28 terabit transatlantic cable system.
"Including Ring 1 in Europe, we've now completed more than 90 percent of our inter-city conduit installation in North America and Europe," said Lee Jobe, president of global operations for Level 3. "Level 3 designed its multi-conduit network so it can install new generations of fiber more quickly and at lower incremental cost than traditional networks can. This approach enables us to further solidify our industry-leading unit cost advantage for bandwidth services."
Level 3 designed its European networks to be continuously upgradeable. Constructed with multiple conduits, this network allows Level 3 and its customers to take advantage of ongoing improvements in optical fiber technology. Initially, Level 3 will put fiber in just one of the conduits. As new optical fiber technology is introduced in the market, Level 3 can install it through one of the company's many empty conduits rather than having to reconstruct the network from the ground up, as many traditional network operators are forced to do.
"The Level 3 network will play a major role in enabling the development of the new Internet economy in Europe," said Colin Williams, executive vice president of Level 3 Communications. "We expect to be able to drive down communications costs substantially, which in turn will continue to drive both demand for communications services and new applications whose successful development depends on removing the current cost constraint of transporting information."
Level 3's European network will carry data, video and voice traffic from Internet service providers (ISPs), application service providers (ASPs), and other Internet and communications companies.
"We've broken new frontiers in deploying the first large, multi-conduit independent infrastructure-based network in Europe," said Williams.
About Level 3's Metropolitan Networks
Connected by inter-city fiber optic networks in the United States and Europe, as well as undersea cables crossing the Atlantic, Pacific and in Asia, Level 3 currently offers service over metropolitan networks in 43 U.S. and European markets. Of those cities, Level 3 has built and operates its own metropolitan networks in 26 U.S. markets and 5 European markets.
About Level 3 Communications
Level 3 (Nasdaq: LVLT) is a global 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 that deliver their services over the Level 3 Network. The Level 3 Network will include metropolitan networks in 56 U.S. markets and 21 European and Asian 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 second ring of the European intercity network in the fourth quarter of 2000. Level 3 currently offers broadband infrastructure services in 38 U.S. markets and five European markets. Its Web address is www.Level3.com.
(*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.
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