Level 3 Communications, Inc. (NASDAQ: LVLT) announced today that it has signed an agreement to provide communications services in Europe to subsidiaries of KPN, the Dutch national telecommunications company.
Specifically, Level 3 is providing Internet access to KPN in both The Netherlands and Belgium. Level 3 provisioned the service for KPN in less than 10 hours.
"The present disruption and uncertainty in the European telecommunications market required KPN to find a new provider of this service very rapidly," said Brady Rafuse, president of Level 3's European operations. "I am pleased that Level 3 was able to provision the order in such a short time frame, enabling KPN to avoid any break in service to its own customers."
Rafuse noted that, over the past few days, Level 3 has signed agreements to provide services to companies in Europe valued at approximately 5 million euros. "The demand we've seen from customers in Europe is testament to both our strong presence on the continent and the underlying operational capabilities of our network," Rafuse said.
In response to numerous inquiries Level 3 has received from concerned companies, Level 3 has established a dedicated customer support organization to assist customers concerned with potential disruptions in service in Europe. Customers can contact Level 3 in London at +44-207-954-2929.
Level 3 currently offers service in nine major European markets and is expanding to eight additional markets across Western Europe in 2002. The new markets are Geneva, Madrid, Milan, Stockholm and Zurich, and the German cities of Cologne, Karlsruhe and Stuttgart. Once the expansion is complete, Level 3 will be able to deliver services to 17 of the top markets on the continent.
Level 3's existing, two-ring network in Europe spans 3,600 route miles. It connects London, Amsterdam, Brussels and Paris and the German cities of Frankfurt, Dusseldorf, Hamburg, Berlin and Munich. The company also operates multi-conduit metropolitan networks in all nine markets.
Level 3 offers a range of communications services targeted toward the world's top 300 bandwidth customers, including wavelengths, private line, dark fiber, managed modem and IP services. Level 3's customers include companies such as America Online, BT, Cable & Wireless, COLT Telecom Group, France Telecom and Microsoft.
About Level 3 Communications
Level 3 (NASDAQ: LVLT) is an international communications and information services company offering a wide selection of services including IP services, broadband transport, colocation services and the industry's first Softswitch based services. Its Web address is http://www.level3.com/ .
The company offers information services through its wholly-owned subsidiaries, (i)Structure and Corporate Software. (i)Structure is an Application Infrastructure Provider that provides managed IT infrastructure services and enables businesses to outsource IT operations. Its Web address is http://www.i-structure.com/ .
Corporate Software helps Fortune 500 companies acquire, implement, and manage software. Its Web address is http://www.corporatesoftware.com/ .
Forward Looking Statement
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: changes in the overall economy relating to, among other things, the September 11 attacks and subsequent events, substantial capital requirements; development of effective internal processes and systems; the ability to attract and retain high quality employees; 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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SOURCE: Level 3 Communications, Inc.
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Web site: http://www.level3.com/