Broomfield, Colo. (ots-PRNewswire) - Company First to Deliver Next
Generation Submarine Cable to Hong Kong Eight Times Hong Kong's
Existing Bandwidth to Fuel Growth of Web-Centric Community.
Level 3 Communications Inc. (Nasdaq: LVLT) today announced that it
has received final approval of its application to build and land its
Hong Kong - Japan cable under the Foreshore and Sea-bed Reclamations
Ordinance (FSRO). This is the last of the Hong Kong government
permits required and means the company can now complete its high
capacity cable. The company is now ready to commence the physical
process of laying the undersea cable, which will bring eight times
the existing capacity into Hong Kong.
"We are very pleased with our success to date in bringing our
broadband cable and the much-needed bandwidth into Hong Kong," said
Steve Liddell, chief executive officer of Level 3 Asia. "We believe
that the local Internet community will share our excitement that a
significant amount of lower-cost bandwidth will soon become available
to help them operate more profitably."
Level 3's Hong Kong-Japan cable will land on South Lantau Island
and connect to the company's international gateway facility in Quarry
Bay. With an initial capacity of 320 gigabits and the ability to be
upgraded to 2.56 terabits, the cable is scheduled to be completed by
the second quarter of 2001. In Tokyo, it will interconnect with a
cross-Pacific cable connecting Japan to Level 3's network in the
Level 3 was granted the international submarine cable-based EFTNS
(External Fixed Telecommunications Network Service) licence by the
Office of Telecommunications Authority in July. So far it is the only
company to receive a cable-based EFTNS licence allowing the company
to offer new services via its own international broadband network.
Level 3 established its Asia headquarters in Hong Kong in May 1999
and has since made substantial progress in bringing its
Internet-focused business strategy to the region. The company
announced in January plans to build the first leg of its North Asia
cable system connecting Japan to Hong Kong. Level 3 expects the cable
to be ready for service in the second quarter of 2001. 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. Services will
launch in the third and fourth quarter of this year in Hong Kong and
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 European intercity network by 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.
ots Original Text Service: Level 3 Communications Inc.
U.S. media, Josh Howell, (USA) 720-888-2517, or
Paul Lonnegren, (USA) 720-888-6099, or
investors, Robin Miller, (USA) 720-888-2500, or
Samantha English, +852 2201 8026, or
Cannis Wong, +852 2201 8016, all of Level 3 Communications Inc.
Web site: http://www.level3.com Original-Content von: Level 3 Communications, übermittelt durch news aktuell