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Level 3 To Provide Internet and Communications Network Services in Equinix Internet Business Exchange™ Centers Nationwide

Contacts:
Dave Fonkalsrud
Stirling & Karbo, Inc.
(650) 340-2867
DLFonk@aol.com

Las Vegas, NV – May 10, 2000 — Equinix, Inc., creator and operator of neutral Internet Business Exchange™(IBX™) centers, and Level 3 Communications, Inc. (Nasdaq:LVLT) , an Internet and communications infrastructure company, announced today at NetWorld+Interop 2000 an agreement under which Level 3 will provide its broadband fiber network services to participants in Equinix IBX™ centers nationwide. Under terms of the agreement, Level 3 will provide network connectivity and other wholesale Internet protocol (IP) services to Internet service providers, application service providers, content providers, e-commerce companies and other Equinix IBX™ participants.

Level 3 will first extend its IP network to Equinix IBX™ centers in the Washington, DC, New York, and Silicon Valley metropolitan areas. The company will extend its network into three additional Equinix locations by the end of the year.

"We’re pleased to be working with Equinix and to provide IBX™ participants with access to Level 3's IP network and services," said Mike Knaisch, senior vice president of Strategic Alliances for Level 3. "This relationship gives Level 3 a significant channel to sell bandwidth, managed modem, Internet access and other IP services."

"Level 3’s participation in Equinix’s IBX™ centers gives Internet service providers, application service providers, content providers, eCommerce companies and other IBX™ participants another leading partner to choose from within the neutral IBX™ environment," said Al Avery, president and chief executive officer of Equinix. "This agreement also gives Level 3 access to a concentrated group of customers under one roof, where provisioning can be accomplished within days."

Equinix IBX™ centers provide a secure home for the Internet where content providers, ASPs and e-commerce companies have the ability to interconnect with a choice of carriers, ISPs, and site and performance management companies. Content providers and e-commerce companies can deliver content faster, access multiple networks, eliminate local loop charges, increase transaction-based revenues and increase customer satisfaction via a higher quality customer web experience. Carriers, ISPs, and site and performance management companies can service a larger customer base, save on training and staffing operations, and increase revenue.

Equinix’s IBX™ centers provide improved levels of operational efficiency and reliability. Equinix customers locate their equipment in these IBX™ centers because they have access to a combination of global partners and customers, services and security designed to reduce Internet operations costs and increase revenues. Security features include 24x7 guards, biometric hand-geometry scanners on all doors and cages, disaster protection and tightly controlled customer access. In addition, Equinix’s trained Internet/telco-savvy staff is available on-site 24-hours a day, seven days a week to optimize operational uptime.

Level 3 and Equinix at NetWorld+Interop Las Vegas
Equinix will be co-exhibiting with Level 3 at NetWorld+Interop 2000 at booth #2525 on Wednesday, May 10 from 10 a.m. to 2 p.m. (PDT).

About Equinix
Equinix designs, builds and operates neutral IBX™ centers (Internet Business Exchange™ centers) which provide e-commerce companies, content providers and ASPs with the power to choose from a wide variety of Internet partners. These centers facilitate the growth of the Internet and serve as the core of IP network interconnection for the 21st century. Equinix IBX™ centers are designed from the ground up to offer content providers, ASPs, and e-commerce companies with service delivery, availability of bandwidth from multiple networks, scalable interconnection, complete neutrality and multi-level physical security. ISPs, carriers and site performance management companies have access to the services and customers they require to build and expand their businesses. Equinix customers include Cable & Wireless, Concentric, InterNAP, MCI Worldcom, NorthPoint Communications, StorageNetworks and Teleglobe. For more information, please visit the company’s Web site at www.equinix.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release may contain forward-looking statements that involve risks and uncertainties relating to Equinix. These statements may differ materially from actual future events or results. Readers are referred to the documents filed by Equinix with the SEC, specifically the recent filing on Form S-4, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including among other things, risks relating to Equinix’s future growth opportunities.