Carrier1 to Provide Brits On-Line With VISP Services.

Business Editors

LONDON--(BUSINESS WIRE)--Jan. 28, 2002

Carrier1, (Neuer Markt: CJN, NASDAQ: CONE), a European provider of end-to-end voice, Internet, bandwidth and data center solutions, announced today that it has been chosen to be the Virtual Internet Service Provider (VISP) for Brits On-Line, an on-line resource portal for British businesses.

The two-year agreement will launch in the first quarter of 2002.

Under the terms of the agreement, Carrier1 will enable Brits On-Line to provide dial-up Internet connectivity to the U.K.'s online end-user market, giving end-users access to Asian-oriented travel, education, tourism, shopping and leisure sites.

"We are delighted that Brits On-Line has chosen Carrier1 to provide communication services," said Gavin Richardson, Vice President Sales of Carrier1. "The U.K's Asian community is one of the fastest-growing and least-served in terms of Internet services. The relationship between Carrier1 and Brits On-Line offers fast, simple and efficient ISP connectivity to services catering for Asian cultures and languages, broadening the offer available through traditional European ISP's."

"With the rapid emergence of the U.K's on-line Asian population, Brits On-Line has recognized the enormous potential for brand reinforcement and revenue generation through the provision of Internet services to its consumer base. This coupled with expansion into mainland markets such as Germany, has demanded that we work with a VISP provider with considerable European reach," said Hasan Bokhari, Managing Director at Brits On-Line. "Carrier1 more than meets that requirement, and we're pleased to have the opportunity to work with them as we continue to expand and reach Europe's fast-growing, tech-savvy and highly lucrative Asian online population."

About Carrier1

Carrier1 International S.A (Neuer Markt: CJN; NASDAQ: CONE), is one of Europe's top providers of 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.

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, among others, those regarding (i) the timing of the launch of the services and the (ii) the duration of the contract.

These statements are based on the current expectations of the management of the Company 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 the Company's services or products; inability to develop and introduce new technologies, products and services on a timely basis; 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 when needed; performance failure by third parties with whom the Company 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 the Company operates; the amount of indebtedness incurred by the Company 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 Offers to Purchase and Consent Solicitations Statement and 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 Form 10-K for the year ended 31 December 2000 and its Form 10-Qs for the quarters ended 31 March 2001, 30 June 2001 and 30 September 2001. Corresponding filings are available at the Frankfurt Stock Exchange.