GERMANY, Jan. 23, 2001 (PRIMEZONE) -- Carrier1 International S.A. (Nasdaq:CONE) (Neuer Markt:CJN) today announced that it has reached an in-principle agreement with Atlantic Telecom for 2.5 Gigabit capacity on their UK network covering the majority of the country with 48 points of presence.
This UK network overlays Carrier1s 1,300 kilometer multi-strand fibre optic network covering the Central and Southern parts of the country and including Birmingham, Bristol, Liverpool, London, Manchester and Sheffield. This high-speed, high-capacity fibre network should be lit over the next few months and will allow Carrier1 to manage its growing UK and pan-European traffic flows in the most cost efficient manner.
This extensive national footprint overlays our own high-speed optical network and allows us to manage our growing Internet business on net and ever closer to the traffics origination points. With multiple points of interconnection to the national incumbent, we will also be able to realize significant cost savings while at the same time substantially increasing our interconnect capacity, said Alex Schmid, Executive Vice President Internet Services.
About Carrier1
Carrier1 International S.A. is a leading European provider of end-to-end Internet, voice, bandwidth, data-center and access solutions to large users of communication services. Carrier1 provides its clients with carrier-grade transport and network solutions as well as end-user ready value added services. Carrier1 customers brand and market these solutions and services to their respective end-users. The Carrier1 pan-European, inter-city fiber network connects 12 countries and currently spans over approximately 14,000 contracted route kilometers, connecting points-of-presence in over 20 European cities. Carrier1 is operational in all 12 countries and has secured all the necessary interconnects and operational licenses that allow it to provide network solutions and end-user-ready, value-added services. Carrier1 has completed 2 metro ring fibre networks and is currently constructing 6 metro ring fibre networks and expanding one existing metro fibre network. Carrier1 plans to build/acquire at least 12 additional city-ring fiber networks. Carrier1 has space available for service in Digiplex data center facilities and in 8 Carrier1 network service areas. These co-location facilities are marketed under the name ClearSpace.
Forward Looking Statements:
The information contained in this press release contains "forward-looking statements" within the meaning of the U.S. Federal Securities Laws. These statements include those relating to: (i) the size of the network and the number of points of presence and points of interconnection with the incumbent to be contracted in the definitive agreement with Altantic Telecom; (ii) timing of the lighting of that network; (iii) the growth of Carrier1's Internet services; and (iv) the anticipated cost savings, including the impact of the anticipated agreement on Carrier1's cost to manage its UK and pan-European network. These statements are based on the current expectations of the management of Carrier 1 International S.A., and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include, but are not limited to, the inability of the company and Atlantic Telecom to conclude a definitive agreement reflecting the agreement in-principle, adverse regulatory, technological or competitive developments, decline in demand for the company's services or products, inability to timely develop and introduce new technologies, products and services, pressure on pricing resulting from competition, unforeseen construction delays, and failure to receive on a timely basis necessary permits or other governmental approvals, and failure to obtain any necessary financing if management's business plan assumptions are not met, and failure of third parties with whom the Company has contracted including for the supply or maintenance of infrastructure components. For a more detailed discussion of these risks, uncertainties and other factors affecting the company, please refer to the company's prospectus and 10-K,10-Q and 8-K reports filed with the U.S. Securities and Exchange Commission, including its 10-K for the year ended 31 December 1999 and its 10-Q for the 3-month period ended 31 March 2000, the 3-month period ended 30 June 2000 and the 3-month period ended September 30, 2000.