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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (3111)	11/8/2001 4:35:52 PM
From: SecularBull	Read Replies (4) \| Respond to of 3873

Level 3 Signs Network Agreement With AT&T Wireless AT&T Wireless Purchases Broadband Transport Backbone Service from Level 3 For New GSM/GPRS Mobile Network BROOMFIELD, Colo., November 8, 2001 - Level 3 Communications, Inc. (Nasdaq:LVLT) announced today that it has signed an agreement to provide network services to AT&T Wireless (NYSE: AWE), one of the nation's leading providers of wireless services. AT&T Wireless will use a series of high-speed private-line circuits from Level 3 to provide transport for its GPRS wireless network in selected markets. AT&T Wireless's GSM/GPRS network allows AT&T Wireless to offer customers "next-generation" mobile communications services, sometimes referred to as "2.5G" service, including high-quality voice calls and high-speed Internet access via wireless phones or other portable devices. "AT&T Wireless is at the forefront of the wireless revolution, which is transforming the way people communicate with each other," said Kevin O'Hara, Level 3's president and chief operating officer. "The growth of next-generation wireless services will take us beyond the mobile voice communications available today to always-on access to the Internet and, eventually, mobile multi-media communications. We are tremendously pleased that AT&T Wireless has chosen Level 3 to be a supplier of (3)Link Private Line services for this exciting and critically important project." GPRS (for General Packet Radio Service) is a wireless technology that allows portable communications devices to download email and other information from the Internet at speeds up to 10 times faster than is possible on many other mobile networks. GPRS allows users to be notified of incoming voice calls while in data mode, so they may take the calls and then quickly return to data retrieval when finished without having to re-establish a data connection. Data include email, along with real-time stock news, sport bulletins and weather reports, as well as corporations' private, secure applications. About (3)Link Private Line With (3)Link Private Line, customers purchase dedicated amounts of bandwidth connecting fixed locations while bypassing the public switched telephone network. The service is typically purchased by companies that need to transmit large amounts of data, video or voice quickly and efficiently. About Level 3 Communications Level 3 (Nasdaq:LVLT) is a global 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 www.Level3.com. (3)Link Private Line is a service mark of Level 3 Communications, Inc. 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.