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

To: Kevin G. O'Neill who wrote (1675)	2/24/1999 6:26:00 PM
From: Patriarch	Read Replies (1) \| Respond to of 3873

Level 3 Communications Launches Atlanta Facility ATLANTA, Feb. 24 /PRNewswire/ -- Level 3 Communications, Inc. (Nasdaq: LVLT - news), today announced that it will begin providing select telecommunications services in the Atlanta metropolitan area as part of its national city roll-out. Level 3 is building the first international network based on Internet Protocol (IP) technology. When completed, the Level 3 Network will combine both local and long distance networks, connecting customers end-to-end across the U.S. and in Europe and the Pacific Rim. Level 3 has announced it will construct local city networks that directly serve businesses in 25 U.S. cities by the end of 1999. By 2001, the company has announced that it will also have similar facilities and be offering services over local leased lines in another 25 U.S. cities. Ultimately, the company plans to offer local service capabilities over its own fiber facilities in all 50 U.S. cities. The company is also currently building an approximately 16,000 mile long distance national network to interconnect these cities. The network will also connect approximately 150 cities where the company can terminate and provide long distance services. Level 3 Offers Services in Atlanta The Level 3 office and operations facility is located at 345 Courtland Street, Atlanta, GA, 30303. The 48,000 square foot facility will house the local sales staff, operational staff and gateway switch equipment, along with additional space for expansion and colocation services. Initially, Level 3 plans to employ approximately 30 professionals at the facility. ''Level 3's commitment to the Atlanta business community is more than our investment in advanced infrastructure, new jobs and contributions to the city's tax base. We are dedicated to becoming a strong corporate citizen, working hard to earn the trust of our customers in the Atlanta metropolitan area by providing high quality, reliable and cost effective telecommunications services,'' said Jim Intoccio, Level 3 Atlanta city sales director. ''Atlanta is a key telecommunications technology center, and as the marketplace continues to evolve, the need for advancement in the telecommunications infrastructure is critical. I am confident that Level 3 can contribute to the city's explosive growth by combining the latest technologies with well established business values,'' Intoccio said. Level 3 is now installing its basic building blocks for current and future communications needs in the Atlanta area and cities across the nation. By building a network based on IP technology, Level 3 is positioning itself to take advantage of what it sees as a fundamental technological shift in communications. The company believes that this shift from 100-year-old circuit switching technology to the newer Internet Protocol technology will change the way businesses communicate, and that the shift is as important as that from the telegraph to the telephone, or from the mainframe to the PC. Initial Services Offered Level 3 is positioning itself to begin providing businesses with basic, but critical services on a competitive basis. Initially, Level 3 will use leased network capacity and, as its national IP-based network is completed, the company will be able to seamlessly switch customers over to its own network. The initial products being offered to business customers by Level 3 include the following services: Private Lines -- a point-to-point service used to provide communications from one company location to another, Telephony Colocation -- a state-of-the-art network facility of telephone hosting equipment to provide reliable and secure 24-hour access for mission critical equipment; and Internet Services -- a full range of Dedicated and Dial-up access services offering high-capacity connections for Service Providers and corporate users. About Level 3 Communications Level 3 Communications, Inc., is a communications and information services company that is building the first international network optimized for Internet Protocol technology. The Level 3 Network will combine both local and long distance networks, connecting customers end-to-end across the U.S. and in Europe and Asia. The company expects to complete the U.S. inter-city portion of the network during the first quarter of 2001. In the interim, Level 3 has leased a national network over which it began to offer services in the third quarter of 1998. Level 3 will provide a full range of communications services (including local, long distance, international and Internet services). Level 3's common stock is traded on The Nasdaq National Market under the symbol LVLT. Its World Wide Web address is: www.Level3.com. 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. SOURCE: Level 3 Communications, Inc.