Level 3 Communications

Level 3 Announces Key Developments in Its Preparations To Launch Service in Hong Kong and Japan

    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 Asia."

    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 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.

ots Original Text Service: Level 3 Communications, Inc. Internet: http://recherche.newsaktuell.de

Contact: 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.

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO
          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

Weitere Meldungen: Level 3 Communications

Das könnte Sie auch interessieren: