ZURICH, Switzerland, April 25, 2001 (PRIMEZONE) -- Carrier1 (NeuerMarkt:CJN) (Nasdaq:CONE), a leading European provider of end-to-end Internet, voice, bandwidth, data center and access solutions for high volume users, and 3U Telecommunication AG (Neuer Markt:UUU), a German telecommunications service provider, today announced an agreement under which 3U will use Carrier1's bandwidth services on the Carrier1 Southern European Ring - particularly from Frankfurt to Milan via Zurich.
The 15-year agreement calls for 3U to use the capabilities of the Carrier1 network for Internet connectivity. 3U demonstrated its Voice-over-IP service for the first time at the recent CeBIT-Fair in Hannover.
"Carrier1 and 3U have developed a close partnership over the last two years, starting with 3U's use of Carrier1 voice services in Germany," said Neil Craven, EVP Bandwidth and Infrastructure Services. "Carrier1 is pleased to support 3U's European expansion in key Western European countries, which will include Switzerland, Austria, the Netherlands - and soon, France and Italy. 3U already uses Carrier1's access services in France to interconnect with the national incumbent."
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 can be identified by the use of forward-looking terminology such as "believes," "expects," "plans," "may," "will," "should," or, "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks, uncertainties and assumptions. These statements include those regarding Carrier1's ability to implement and deliver the services under the agreement referred to in press release. These statements are based on the current expectations of the management of Carrier1 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, adverse regulatory, technological, judicial or competitive developments; decline in Carrier'1 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, failure to obtain any necessary financing if management's business plan assumptions are not met, performance failure by third parties with whom Carrier1y has contracted including for the supply or maintenance of infrastructure components and by joint venture partners; the risk of termination of certain joint ventures through which Carrier1 operates; the amount of indebtedness incurred by Carrier1 and its obligations thereunder. For a more detailed discussion of these risks, uncertainties and other factors affecting the Company, please refer to the Company's prospectus and periodic reports filed with the U.S. Securities and Exchange Commission on Form 10-K, 10-Q and 8-K, including its 10-K for the year ended 31 December 2000. Corresponding filings are available at the Frankfurt Stock Exchange.