Carrier1 and Servecast Extend Partnership; Streaming Media Market Drives Relationship.

Business/Technology Editors

LONDON--(BUSINESS WIRE)--Nov. 27, 2001

Carrier1, (Neuer Markt: CJN, NASDAQ: CONE), one of Europe's leading providers of large-scale, end-to-end voice, Internet, bandwidth and data center solutions, today announced a 12-month extension of its partnership with Servecast, Europe's leading provider of streaming media solutions.

The extension of their existing relationship will further enhance high quality service to the European streaming media market.

The current deal is worth upwards of $500,000 US to Carrier1. Under the terms of the agreement extension, Carrier1 will provide Servecast with IP Transit connection (GTS) at 6 locations in Europe (London, Amsterdam, Frankfurt, Stockholm, Madrid and Milan). The first three locations will provide burst capability at speeds up to 1Gb/s. Carrier1 also will provide collocation for Servecast equipment in all six locations.

"Survival, growth and success in our market is dependent on healthy revenues," commented Gavin Richardson, UK Managing Director. "The partnership with Servecast represents a significant opportunity to protect and expand such revenues. The Carrier1-Servecast relationship is a good fit of core competencies because the Carrier1 high-capacity tier 1 Internet backbone and collocation facilities are a perfect complement to Servecast's technical expertise in the streaming media market. We expect this fit to grow and deepen in the coming year."

"The synergy of the target customer base of Servecast and Carrier1, coupled with complementary expertise, enables us to offer each customer the most cost-effective, tailor-made, market-ready streaming solution on the market," said Servecast CEO, Pat Chapman Pincher. "We welcome this deepening of our relationship with Carrier1 and would expect it to develop over time."

About Carrier1

Carrier1 International S.A (Neuer Markt: CJN; NASDAQ: CONE), a is one of Europe's top providers of large system solutions for end-to-end Internet, broadband, voice, data-centre and dialup access communications to large users of telecommunications services with a network that spans 14,000 contracted route kilometres in 13 countries, and links 35 European cities. Carrier1 provides its clients with carrier-grade transport and network solutions as well as end-user-ready, value-added services that customers then brand and market to their respective users. For more information, please visit the Carrier1 website at www.carrier1.com.

About Servecast

Established in 1998, Servecast is a leading global provider of online broadcasting solutions to the enterprise and entertainment industries. In conjunction with Compaq and Cisco, Servecast has built the first pan-European network dedicated to the hosting and delivery of streaming media content.

Servecast has operations in London, Madrid, Paris, Zurich, Stockholm, Brussels Amsterdam, Munich, Frankfurt and Dublin and customers include Celtic FC, United Nations, Ericsson, NTL, Standard Life, AXA, and Allied Irish Bank.

References to our web site are not intended to create an active link.

Forward Looking Statement:

The information contained in this press release contains "forward-looking" statements within the meaning of the U.S. federal securities laws. These statements can be identified by the use of forward-looking terminology such as "believes", "expects", "plans", "estimates", "may", "will", "should" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks, uncertainties and assumptions.

These statements include those regarding (i) the implementation of and performance under the announced agreement, (ii) the impact thereof on the operational and financial performance of Carrier1, including the expected revenues under the contract, (iii) Carrier1's expectations for its future business with Servecast.

These statements are based on the current expectations of the management of Carrier1 and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include but are not limited to, the deterioration of the market economy, including in Europe and the technology and telecommunications segments, the deterioration of the financial strength of our customer base, adverse regulatory, technological, judicial or competitive developments; decline in Carrier'1 services or products; inability to timely develop and introduce new technologies, products and services; pressure on pricing resulting from competition; unforeseen construction delays and failure to receive on a timely basis necessary permits or other governmental approvals, failure to obtain any necessary financing if management's business plan assumptions are not met, performance failure by third parties with whom Carrier1 has contracted including for the supply or maintenance of infrastructure components and by joint venture partners; the risk of termination of certain joint ventures through which Carrier1 operates; the amount of indebtedness incurred by Carrier1 and its obligations thereunder. For a more detailed discussion of these risks, uncertainties and other factors affecting the Company, please refer to the Company's prospectus and periodic reports filed with the U.S. Securities and Exchange Commission on Form 10-K, 10-Q and 8-K, including its 10-K for the year ended 31 December 2000 and its 10-Qs for the quarter ended 31 March 2001, 30 June 2001 and 30 September 2001. Corresponding filings are available at the Frankfurt Stock Exchange.