January 30, 2002 -- Level 3 Communications, Inc. (Nasdaq: LVLT) announced it has signed a new agreement to provide dial-up Internet access service to SBC Internet Services, a wholly-owned subsidiary of SBC Communications Inc. The minimum value of the three-year contract exceeds $100 million.

The new agreement was enabled by the closing on January 24, 2002 of Level 3's acquisition of McLeodUSA Incorporated's wholesale dial-up access business assets (formerly Splitrock Services). Under the terms of the new contract, SBC Internet Services is buying (3)Connect Modem dial-up port capacity from Level 3 to serve its dial and roaming DSL Internet customers. This new contract makes Level 3 the largest provider of wholesale Internet access service for SBC Internet Services.

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