CARRIER 1 INTERNATIONAL S.A.
Carrier1 S.A. english
Carrier1 suspends its US voice traffic
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Luxembourg, 07-02-2002 Carrier1 International S.A. (the “Company”) (Neuer
Markt: CJN, NASDAQ: CONE) announced today the suspension of its US voice
traffic. The Companys US subsidiary, Carrier1 Inc., had to suspend its US voice
traffic because a number of key suppliers refused to continue to provide
necessary services without payment in full for past invoices and/or credit
support for future voice services. The Company expects this action to result in
a very substantial decline in its total revenues.
Since the termination of the Companys exchange offer for its high yield debt on
Friday, 1 February 2002, the Companys business prospects have deteriorated
significantly. The Company is continuing to review its business with a view to
preserving value, including the prospects for a sale of all or part of its
business. The Company believes that the suspension of its US voice traffic is
unlikely to affect significantly the Companys prospect of entering into such a
transaction. It is uncertain, however, whether the Company will be able to
enter into any agreement with a buyer, or whether any such agreement could be
entered into soon enough to enable the Companys operations to continue. The
Company does not expect an agreement, if any, for the sale of all or part of its
business to result in any recovery for its shareholders.
Contact: Keith Johnson, Carrier1 International SA, Tel. +44 20 7001 6357,
Keith.Johnson@carrier1.com
end of ad-hoc-announcement (c)DGAP 07.02.2002
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WKN: 932 485; ISIN: LU0107939984; Index: NEMAX 50
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
071750 Feb 02
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