ICG Reports Fourth Quarter & Year-end 1999 Results 133,000 Lines Installed in 4th Quarter.

Business Editors and Technology Writers

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Feb. 29, 2000

ICG Communications, Inc. (Nasdaq:ICGX) today announced fourth quarter and full-year 1999 results that reflect significant revenue growth and improved operations.

ICG installed a record 133,000 net business access lines and Internet service provider (ISP) ports during the fourth quarter, bringing the year-end total to 731,000, more than double the year-end 1998 total. Approximately 80 percent of lines provisioned during the year are for Internet access ports for ISP customers, where ICG's national network and excellent customer service have enabled the Company to capture an increasing share of this new, high growth market. ICG continues as a leader among competitive local telephone companies, increasing the number of business lines in service by more than 40 percent during 1999. Further, the Company recorded full-year revenue of $479.2 million, reflecting 58 percent growth over 1998 adjusted for discontinued operations, and realized a 50 percent gross operating margin on revenue versus 38 percent for 1998. ...

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