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KnutaKnösel, the No.1-News-Carrier for Carrier1
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Carrier1 and Broadsystem Ventures Sign Contract
ZURICH, Switzerland and LONDON, Oct. 11, 2001 (PRIMEZONE) -- Carrier1 (Neuer Markt:CJN) (Nasdaq:CONE), one of Europe's leading providers of large-scale, end-to-end voice, Internet, bandwidth and data center solutions, and Broadsystem Ventures Limited (BVL), the billing, telecommunications and technology company owned by Rupert Murdoch's News International, today announced that Carrier1 is supplying "1602" voice services to BVL.
Under the terms of the agreement, Carrier1 sells "1602" as an unbranded service to BVL, which then re-brands the service for its customers.
"1602" was originally launched four years ago as a voice affinity Reader Offer via several News International titles, and still enjoys an incredibly loyal user base. "1602" voice traffic was transferred seamlessly from one of BVL's incumbent suppliers onto the Carrier1 network.
Gavin Richardson, Managing Director Carrier1 UK, said: " We are delighted Broadsystem Ventures has chosen Carrier1 as a key partner in driving their business forward. BVL is the largest company of its kind in the UK and this relationship reinforces Carrier1's position as a leading supplier of voice and data services to large-scale communication users. It also represents another example of Carrier1's success beyond the carrier marketplace."
About Carrier1
Carrier1 International S.A. is one of Europe's top providers of large system solutions for end-to-end Internet, broadband, voice, data-centre and dialup access communications to large users of telecommunications services with a network that spans 14,000 contracted route kilometres in 13 countries, and links 35 European cities. Carrier1 provides its clients with carrier-grade transport and network solutions as well as end-user-ready, value-added services that customers then brand and market to their respective users.
Forward Looking Statement:
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", "estimates", "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 (i) the continued performance under the agreement with BVL; (ii) the continued loyalty of the user base for 1602 services.
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, the deterioration of the market economy, including in Europe and the technology and telecommunications segments, the deterioration of the financial strength of our customer base, 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 Carrier1 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
