DGAP-Ad hoc: Carrier1 S.A. <CJN> english - 500 Beiträge pro Seite

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DGAP-Ad hoc: 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. [phone], [e-mail]

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

Autor: DGAP import (),17:49 07.02.2002

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