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Crowe: mixing management know-how and new technology
01 April 1999
Level 3 Communications is deploying a state-of-the-art IP network that will be cheaper to use and improve than other networks owing to conduits that allow for continuous fibre upgrades. It also benefits from an experienced management team responsible for the success of MFS. The operator's president and CEO James Crowe talks to Mark Holmes about the company's plans.
Level 3 Communications is building an IP-based network, which
can be constantly upgraded. It has already managed to raise
$6.5 billion so far to fund its network and is clearly one of
the best capitalized start-up businesses. It has been able to
raise these funds owing to an original business plan and the
experienced management team led by the president and CEO, James
Crowe has virtually rebuilt the management team behind the
success of the competitive access provider MFS Communications,
which was eventually sold to WorldCom for $14.3 billion in
1996. The company had only started up in 1989. Investors
clearly believe that Crowe can repeat that success with Level 3
Communications and attract a significant share of large
enterprise clients that benefited from previous contacts with
According to Stephanie Comfort, principal telecoms analyst
at Morgan Stanley Dean Witter, Level 3 can leverage two main
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