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

To: zebraspot who wrote (24)	1/27/1998 1:31:00 AM
From: SteveG	Read Replies (1) \| Respond to of 3873

<A> MFS founder plots big IP net By Tim Greene Network World, 1/26/98 Omaha, Neb. - Level 3 Communications, Inc. is betting billions that when it comes to delivering data, voice, and video IP is it. While the industry at large is still trying to figure out what it will mean long-term, the group of veterans at this start-up says there is just one network for the future - the Internet. Level 3 promises to offer IP data services in six cities this year, expanding to 60 cities by 2001. Voice and video services, as well as quality-of-service (QOS) guarantees will come in about two years, according to the company's CEO, James Crowe. Level 3 boasts plans for a 20,000-mile fiber-optic network in the U.S., transoceanic cables and foreign networks, and is blessed with very deep pockets. So the company will be a force to be reckoned with whether its vision is right or wrong. There is another reason to listen to Level 3, Crowe and Kiewit Diversified Group, with roots in mining and construction,have done it before. They combined to build MFS Communications, Inc. from the ground up as the first major competitive local carrier. Started with $500 million in Kiewitt funding, MFS sold for $14 billion in 1996. Part of the Level 3 promise: network infrastructure costs so low that it can ignite a price war with the established phone companies, analysts said. (rest at nwfusion.com )