EXHIBIT 99.1

RISK FACTORS

Statements in this Form 10-Q that are not historical facts are "forward-looking statements" (as defined in the Private Securities Litigation
Reform Act of 1995). Forward-looking statements include, but by way of example only, statements regarding our expectations relating to the Company's ongoing strategic reassessment, projections of
revenues, costs (direct and operating costs), cost reductions, specific product and service sales and capital expenditures, and the future amounts and relative percentages as compared to total
revenues of our value-added revenues and our operating and service-related costs. These statements, when made, are intended to reflect VIA management's then current views with respect to future events
and expectations and are subject to a number of risks, assumptions and uncertainties, including those discussed below, which could cause our actual results to differ materially from those projected in
such statements.

WE HAVE A HISTORY OF NEGATIVE CASH FLOW AND WE MAY NEVER ACHIEVE POSITIVE CASH FLOW.

For
the nine months ended September 30, 2002, we had losses from continuing operations, before depreciation, amortization, impairment charges and non-cash stock
compensation of $28.7 million. In order to provide continuing global support to our operations, enable them to deliver quality customer service, and in order to develop an adequate financial
reporting infrastructure, we will have to make significant ongoing expenditures for systems and staff. If we are unable to increase our revenue or scale down our costs and investment expenditures, we
will continue to experience negative cash flow.

From
our inception through the end of 2000, we experienced rapid growth. In anticipation of our continued growth and demand for our services, we scaled up our operations and
infrastructure. Then, in mid-2001 in response to deteriorating economic conditions and declining revenue growth rates in all our markets, we initiated cost-cutting measures,
which we are continuing in 2002. However, we may have difficulty reducing our costs and scaling down our operations to a level more reflective of current
revenue levels. For example, we may find that we cannot cut costs further in any particular operation without sacrificing appropriate customer or technical service, product delivery or financial
control functions. If we are not successful in reducing costs, we may not become self-sustaining before depleting our cash reserves.

WE ARE IMPLEMENTING A NEW BUSINESS PLAN, WHICH MAY NOT BE SUCCESSFUL.

During the first quarter 2002, we engaged in a strategic review of our overall operations with a focus of substantially reducing our negative cash flow to ensure
that we reach positive cash flow with significant cash reserves remaining. As a result of that review, we have taken a number of different steps, including the disposal or closure of offices and
country operations that we concluded did not materially contribute to our financial strength or market positioning in the long term. In 2002, we have disposed of our operations in Austria, Argentina,
Brazil, Ireland and Mexico and closed our Belgian sales office. We may continue these or similar actions in the future. As a result of these actions and if we continue to dispose of operations, we
have lost and may lose revenues generated by operations or offices. In taking these actions, we have and may incur significant one-time costs or losses associated with the disposal or shut
down of the offices or operations. These costs or losses may exceed in the short or immediate term any benefit we gain from eliminating a loss-generating operation, which would adversely
affect our operating results during the relevant period.

We
also face the following additional risks in implementing our new business plan:



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AS WE DISPOSE OF CERTAIN OF OUR COUNTRY OPERATIONS, WE MAY REDUCE OUR REVENUES IN THE SHORT OR INTERMEDIATE TERM FASTER THAN WE CAN REDUCE OUR
EXPENSES.

During
the second quarter 2002, we sold our operations in Argentina, Austria and Brazil. During the third quarter 2002, we sold our operations in Ireland and Mexico. While the intent of
these dispositions is, among other things, to eliminate the cash drain of loss-generating operations on our consolidated operations, these dispositions in the aggregate have reduced our
core revenue base. Unless we are able to generate additional revenues from our remaining operations or through acquisitions, we may find that our in-country operations are unable to
generate sufficient free cash flow in the aggregate to support the corporate technical, finance, legal and administrative service expenditures necessary to adequately maintain a public multi-national
company. There can be no assurance that we will be successful in these further efforts and no assurance that these transactions will lead to a material reduction of our negative cash flow.

OUR COST CUTTING MEASURES MAY IMPACT OUR ABILITY TO ATTRACT AND RETAIN EMPLOYEES AND CUSTOMERS.

From
June 1998 through December 2000, we acquired 26 companies and at the peak in March 2001 we had over 1,200 employees. A continuing economic slowdown has created
lower revenue growth expectations and limited access to capital markets. Therefore, the need to scale costs to these lower revenue growth expectations without reducing service quality has become a
priority. To address this priority, we have and will continue to take steps to reduce our costs. We reduced our combined employee count to 596 by September 30, 2002 and may further reduce
staff. These measures may impair our ability to attract and retain key employees. As we continue these cost cutting measures, we may also impair our ability to provide quality service, attract new
customers and implement integrated operating, administrative, financial and accounting systems and controls.

IF DEMAND FOR INTERNET SERVICES IN OUR MARKETS DOES NOT GROW AS WE EXPECT, OUR ABILITY TO GROW OUR REVENUES WILL BE NEGATIVELY
AFFECTED.

Compared
to the U.S., Internet use in our markets is relatively low. Moreover, we are focusing our sales and marketing efforts on the more sophisticated value-added services. If the
market for Internet services fails to develop, or develops more slowly than expected, we may not be able to increase our revenues at the rate we have projected. Obstacles to the development of
Internet services in our markets include:



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In
particular, we depend on increasing demand for Internet services by small to mid-sized businesses in our markets. Demand for Internet services by these businesses will
depend partly on the degree to which these businesses' customers and suppliers adopt the Internet as a means of doing business, and partly to the extent by which these businesses adopt Internet
technologies to deal with internal business processes, such as internal communications. Demand will also depend on whether there is a continuing economic downturn in these markets, which may result in
a cutback of expenditures for the services we offer. Furthermore, as competitive pressures drive down customer prices for Internet access in many of our markets, we depend increasingly in such markets
on our ability to sell to our customers higher margin, value added services such as security services, web hosting, and ecommerce solutions. Due to an increasing number of business failures in the
Internet services industry in our core markets, an increase in customer reluctance to rely on third party service providers in the Internet services industry for critical business functions may also
reduce our revenue growth and increase our cost of sales by lengthening sales cycles.

COMPETITION FOR CUSTOMERS IN OUR MARKETS MAY CAUSE US TO REDUCE OUR PRICES OR INCREASE SPENDING, WHICH MAY NEGATIVELY AFFECT OUR REVENUES AND OPERATING
RESULTS.

There
are competitors in our markets with more significant market presence and brand recognition and greater financial, technical and personnel resources than we have. Although the
competitors we face vary depending on the market and the country, these competitors may include local and regional Internet services providers, telecommunication companies and cable companies. Some of
our competitors, especially the telecommunications companies, have large networks in place as well as a significant existing customer base. As a result of this competition, we may face significant
pressure to reduce our prices, particularly with respect to Internet access services, and to improve the products and services we offer.

IF WE FAIL TO INTEGRATE OUR NEW MANAGEMENT TEAM, OUR OPERATING RESULTS MAY SUFFER.

VIA
has experienced significant turnover in management in the recent past, which may continue. In addition to the turnover in management at the operations level, our entire corporate
management team, with the exception of our general counsel, has left VIA since November 2001. We have hired a number of new officers including a new Chief Executive Officer, beginning in
November 2002. Our new Chief Executive Officer will be located in the United Kingdom, heading up our European headquarters. We may experience changes in our strategy, focus and management team
as a result of appointing our new chief executive officer, which may cause our results to suffer. We also plan to relocate a number of additional executive and key corporate positions to the European
headquarters in order to bring corporate decision-making closer to the majority of our operations. There can be no assurance that we will be successful in convincing current personnel in these
positions to relocate and these persons may leave VIA. Our operations may suffer from the loss of institutional knowledge resulting from these departures or from our inability to replace key senior
management personnel in a timely fashion.

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IF WE FAIL TO MODIFY, REPLACE OR REPAIR LEGACY PROVISIONING, BILLING AND CUSTOMER CARE SYSTEMS AND PRACTICES IN OUR OPERATIONS, WE MAY LOSE CUSTOMERS
AND REVENUE AND FAIL TO MAINTAIN ADEQUATE INTERNAL CONTROLS.

We
have suspended the development and deployment of the integrated provisioning, billing and customer care platform that was intended to replace legacy systems or automate manual
processes in our operations. As a result of this suspension, we will have to replace or repair certain of these legacy systems in order to ensure that we can properly provision our services, bill and
service our customers and report accurately our results. If we fail to take the required action in a timely manner, we may lose customers and revenue and be unable to maintain adequate internal
controls. The integrated platform was intended to establish a common IT platform for all our operations to provision, bill and service customers for a common product catalogue. Our lack of a common
platform may impair our ability to introduce new products and make us less competitive. If we fail to modify, replace or repair certain legacy billing and back office systems and practices in our
operations, we may lose customers and revenue and fail to maintain adequate internal controls.

In
addition, our former independent accountants advised us that certain of our legacy billing practices constitute material weaknesses in our internal control structure, which increases
the risk of material misstatement, as occurred in the first quarter of 2002. The first quarter 2002 restatement was attributable to the difficulties we have experienced with the billing platform and
practices in our UK operations. Material weaknesses in certain of our legacy billing practices and systems have continued in 2002. If we do not remedy the weaknesses, our ability to detect errors or
fraud in amounts that would be material to our financial statements will be significantly limited.

OUR IN-COUNTRY INTEGRATION EFFORTS MAY CONTINUE TO LEAD TO TURNOVER OF STAFF IN KEY POSITIONS AND A DISTRACTION FROM REVENUE-GENERATING
OPPORTUNITIES, CUSTOMER SERVICE AND IMPORTANT CONTROL FUNCTIONS.

We
acquired multiple operations in the United Kingdom, France, Germany, The Netherlands and Switzerland. In each of these countries, we have taken steps to integrate the separate
companies acquired in that country into a single operation. These efforts created ongoing operational and personnel disruptions that have led and may further lead to the loss of personnel in key
positions. In addition, integration and integration-related activities require significant attention from key management and staff at these operations, which have and may continue to distract
management and staff from revenue-generating opportunities, customer service and internal control functions and have negatively affected and may continue to negatively affect our results. The pace at
which these integrations were implemented strained the administrative, operational, personnel and financial resources of certain of these country operations, particularly in Germany and the U.K., and
has exposed material weaknesses in systems and internal controls at these operations. We have expended and will continue to expend significant expense and corporate management time to address these
weaknesses. There can be no assurances that we will be successful in these efforts. If we fail to properly address these issues, our business may be disrupted and adversely affected and our ability to
detect errors in amounts that would be material to our financial statements will be significantly limited.

SOME COMPANIES WITH WHICH WE DO BUSINESS MAY HAVE FINANCIAL DIFFICULTIES THAT WOULD PREVENT THEM FROM PROVIDING THE SERVICES THEY HAVE AGREED TO PROVIDE
US.

In
January 2002, Global Crossing and certain other affiliated subsidiaries filed for U.S. bankruptcy protection and in August, Singapore Technologies Telemedia Pte. Ltd.
And Hutchison Whampoa Ltd. entered into an agreement to have a controlling interest of Global Crossing, a transaction that is currently undergoing U.S. regulatory review. Global Crossing has
continued to maintain service on the trans-Atlantic rings on which we have acquired IRU capacity and has publicly stated its intention to

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continue most or all of its network services upon reorganization; however, in light of the pending acquisition there is no guarantee that the new owners will honor Global Crossing's representations.
If service on our trans-Atlantic IRU is interrupted or terminated because of the financial difficulties or decisions made in the course of the bankruptcy proceedings of Global Crossing, peering and
transit relationships we have in place from our pan-European backbone network will provide contingency and quality backup capabilities for our Internet traffic to reach U.S. destinations.
However, if we are required to rely on these peering and transit relationship for all of our trans-Atlantic traffic, we may incur additional costs and experience a lesser quality of service in
reaching non-European destinations. There can be no assurances that Global Crossing or any potential acquirers of its assets or business will continue to provide service on the facilities
on which we acquired trans-Atlantic capacity, and in such an event, our ability to provide quality levels of IP service may be impacted.

OUR BRAND NAMES AND TRADEMARKS ARE DIFFICULT TO PROTECT.

We are aware of other companies using or claiming to have rights to use trademarks that are similar to our marks and variations of those marks, including the VIA
NET.WORKS mark. We have received from time to time demands from third parties to cease and desist using one or more of our trademarks. The users of these or similar marks may be found to have senior
rights if they were ever to assert a claim against us for trademark infringement. If an infringement suit were instituted against us, even if groundless, it could result in substantial litigation
expenses in defending the suit. We are currently engaged in litigation with a third party in Portugal, who claims that the corporate name and trademark used in Portugal infringes upon their mark and
corporate name. If this suit were to be successful, we could be forced to cease using the mark or corporate name and perhaps pay damages. Moreover, if we are forced to stop using any of our
trademarks, we may have to expend significant resources to establish new brands and our operating results may be materially impacted.

In
the second and third quarters of 2002, we sold our operations in Austria, Argentina, Brazil, Ireland and Mexico. As a part of the sale transactions we gave certain
non-exclusive licenses to use our brand names and trademarks for a defined period of time. Because we no longer have direct control or ownership over these sold operations, we have no
assurance that our license agreements are being respected. One or more of the sold operations could use our brand or trademark in a manner that is inconsistent with the license agreement, thus
damaging our brand, trademark or reputation in the market. We may be forced to protect our brand or trademark via litigation, which would increase our costs and detract company resources. We may also
incur additional costs to repair the strength or integrity of our brand, trademark or reputation in the market as a result of any serious breach of our existing license agreements.

WE HAVE BEEN NAMED AS A DEFENDANT IN A SECURITIES CLASS ACTION LAWSUIT, WHICH COULD DISTRACT OUR MANAGEMENT AND IMPACT OUR CASH
POSITION.

On
November 5, 2001, we were named as a defendant in a class action lawsuit in the District Court for the Southern District of New York against VIA NET.WORKS, Inc., certain
of the underwriters who supported our initial public offering ("IPO") and certain of our officers, under the title O'Leary v. Via Net.works [sic] et al
[01-CV-9720] (the "Complaint"). An amended complaint was filed in April 2002. There is currently pending before the trial judge a motion to
dismiss all claims against the defendants. The Complaint alleges that the prospectus we filed with our registration statement in connection with our IPO was materially false and misleading because it
failed to disclose, among other things, that: (i) the named underwriters had solicited and received excessive and undisclosed commissions from certain investors in exchange for the right to
purchase large blocks of VIA IPO shares; and (ii) the named Underwriters had entered into agreements with certain of their customers to allocate VIA IPO shares in exchange for which the
customers agreed to purchase additional VIA shares in the aftermarket at pre-determined prices ("Tie-in Arrangements"), thereby

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artificially inflating the Company's stock price. The Complaint further alleges violations of Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Section 10(b) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder arising out of the alleged failure to disclose and the alleged
materially misleading disclosures made with respect to the commissions and the Tie-in Arrangements in the prospectus. The plaintiffs in this action seek monetary damages in an unspecified
amount. The defense of this action may distract our senior management from the normal operation of business and may cause us to incur substantial defense costs. While we believe that the allegations
are without merit and have engaged counsel to defend the action, if we are determined to be liable or if we conclude that a settlement is in our best interests, we may incur substantial costs.

FLUCTUATIONS IN THE EXCHANGE RATE BETWEEN THE U.S. DOLLAR AND THE VARIOUS CURRENCIES IN WHICH WE CONDUCT BUSINESS MAY AFFECT OUR OPERATING
RESULTS.

We
record the revenues and expenses of our local operations in their home currencies and translate these amounts into U.S. dollars for purposes of reporting our consolidated results. As
a result, fluctuations in foreign currency exchange rates may adversely affect our revenues, expenses and results of operations as well as the value of our assets and liabilities. Fluctuations may
adversely affect the comparability of period-to-period results. For example, if the average value of the Euro decreases in relation to the U.S dollar during a quarterly period
as compared to the prior period, each Euro will convert to fewer U.S dollars during that quarterly period than the prior period and we will report lower revenue growth than what would have been
calculated in local currencies for that period. In addition, we hold foreign currency balances that will create foreign exchange gains or losses, depending upon the relative values of the foreign
currency at the beginning and end of the reporting period, affecting our net income and earnings per share. In projecting future operating results, we make certain assumptions about the fluctuation of
the home currencies of our operations. If these assumptions turn out to be materially inaccurate, our actual operating results may be materially different from our projections.

REGULATORY AND ECONOMIC CONDITIONS OF THE COUNTRIES WHERE OUR OPERATING COMPANIES ARE LOCATED ARE UNCERTAIN AND MAY DECREASE DEMAND FOR OUR SERVICES,
INCREASE OUR COST OF DOING BUSINESS OR OTHERWISE REDUCE OUR BUSINESS PROSPECTS.

Our
operating companies are located in countries with rapidly changing regulatory and economic conditions that may affect the Internet services industry. Any new law or regulation
pertaining to the Internet or telecommunications, or the application or interpretation of existing laws, could decrease demand for our services, increase our costs, or otherwise reduce our
profitability or business prospects. Specific examples of the types of laws or regulations that could adversely affect us include laws that



For
example, a number of European countries have enacted legislation that requires Internet services providers to establish technical means to permit national authorities to intercept
data traffic of identified customers. The application of these laws to Internet services providers has been subject to

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significant opposition from Internet services providers industry groups in Germany, the U.K. and the Netherlands, among others, because of the substantial cost service providers would incur in order
to comply with the law. Ultimately, these requirements may impose significant costs on our European operations in these countries, which would negatively impact our operating results. These laws could
require us to incur costs to comply with them or to incur new liability. They could also increase our competition or change our competitive environment so that customer demand for our products and
services is affected.

In
addition to risks we face from new laws or regulations, we face uncertainties in connection with the application of existing laws to the Internet. It may take years to determine the
manner in which existing laws governing issues like property ownership, libel, negligence and personal privacy will be applied to communications and commerce over the Internet.

WE RELY ON TELECOMMUNICATIONS PROVIDERS IN OUR MARKETS TO PROVIDE OUR CUSTOMERS WITH RELIABLE ACCESS TO OUR SERVICES, AND FAILURES OR DELAYS IN
PROVIDING ACCESS COULD LIMIT OUR ABILITY TO SERVICE OUR CUSTOMERS AND IMPACT OUR REVENUES AND OPERATING RESULTS.

Our
customers typically access our services either through their normal telephone lines or dedicated lines provided by local telecommunications providers specifically for the purposes of
accessing the Internet. In some of our markets, we experience delays in delivery of new telephone or dedicated lines that prevent our customers from accessing our services. These delays result in lost
revenues. Additionally, some local telecommunications providers that provide Internet services provide delivery of telephone or dedicated lines to their own Internet customers on a preferential basis,
which may cause
us to lose current and potential customers. We also lease network capacity from telecommunications providers and rely on the quality and availability of their service. These companies may experience
disruptions of service, which could disrupt our services to, or limit Internet access for, our customers. We may not be able to replace or supplement these services on a timely basis or in a
cost-effective manner, which may result in customer dissatisfaction and lost revenues. In addition, to the extent that alternative local access providers fail in any particular market, the
incumbent telecommunications providers will experience less competitive price pressure for access, which could increase our cost structures and impair our profit margins.

WE DEPEND ON THE RELIABILITY OF OUR NETWORK, AND A SYSTEM FAILURE OR A BREACH OF OUR SECURITY MEASURES COULD RESULT IN A LOSS OF CUSTOMERS AND REDUCED
REVENUES.

We
are able to deliver services only to the extent that we can protect our network systems against damages from telecommunication failures, computer viruses, natural disasters and
unauthorized access. Any system failure, accident or security breach that causes interruptions in our operations could impair our ability to provide Internet services to our customers and negatively
impact our revenues and results of operations. To the extent that any disruption or security breach results in a loss or damage to our customers' data or applications, or inappropriate disclosure of
confidential information, we may incur liability as a result. In addition, we may incur additional costs to remedy the damages caused by these disruptions or security breaches. Although we currently
possess errors and omissions insurance and business interruption insurance these policies may not provide effective coverage upon the occurrence of all events.

WE MAY BE LIABLE FOR INFORMATION DISSEMINATED OVER OUR NETWORK.

We may face liability for information carried on or disseminated through our network. Alternatively, we may incur costs associated with efforts to prevent access
to certain information from

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our network as required by governmental authorities. Some types of laws that may result in our liability for information disseminated over our network include:



The
laws governing these matters vary from jurisdiction to jurisdiction.

WE CANNOT ASSURE YOU OF THE CONTINUED LISTING OF OUR COMMON STOCK ON THE NASDAQ SMALLCAP MARKET.

On
March 21, 2002, we received a letter from The Nasdaq Stock Market, Inc. indicating that our common stock has failed to meet Nasdaq's requirement that the common stock
trade above $1.00 per share because it traded below $1.00 per share for the preceding 30 consecutive trading days. Nasdaq informed us that, if the bid price of shares of our common stock does not
close at or above $1.00 for at least 10 consecutive trading days prior to June 19, 2002, we would be notified that our common stock will be delisted from the Nasdaq National Market. Nasdaq also
notified us that we could apply to list our common stock on the Nasdaq SmallCap Market, on which we would be afforded up to an additional 270 days to come into compliance with Nasdaq's minimum
bid price and other requirements.

On
June 18, 2002, the Company applied to transfer its listing to the Nasdaq SmallCap Market. On June 25, 2002, Nasdaq notified the Company that its application to transfer
from the National Market to the SmallCap Market was approved effective at the opening of the market on June 27, 2002. In order to maintain a listing on the Nasdaq SmallCap Market, VIA must
maintain the continuing listing standards for the SmallCap Market, which includes minimum stockholders' equity of $2.5 million, a public float of 500,000 shares, market value of publicly held
shares of $1 million, at least 2 market makers and a minimum bid price of at least $1 per share. VIA currently meets all of the standards other than the $1 per share bid price. On
September 18, 2002, we received notice from Nasdaq that we have been provided an additional 180 days, until March 17, 2003 to regain compliance by meeting all listing standards.

If
our common stock is delisted from the Nasdaq SmallCap Market, we could trade on the OTC Bulletin Board, which is substantially less liquid than either the Nasdaq National Market or
the SmallCap Market. If VIA's common stock is delisted from the Nasdaq markets, the trading market for our common stock could be disrupted, which could make it difficult for investors to trade in our
common stock and may result in a reduction in the market price of shares of our common stock. This lack of liquidity would also make it more difficult for us to raise capital.

We
cannot assure you that our common stock will come into compliance with Nasdaq's minimum bid price requirement prior to March 17, 2003. Nor can we assure you that we will be
able to maintain compliance with Nasdaq's other requirements for listing on Nasdaq's SmallCap Market.

REACTION BY CUSTOMERS, INVESTORS OR REGULATORS TO RESTATEMENTS OF OUR FINANCIAL RESULTS MAY ADVERSELY IMPACT OUR REVENUES AND
EXPENSES.

During
2001, we restated our financial results for 2000 and for the first and second quarters of 2001. In August 2002, we restated our financial results for the first quarter of
2002. As a result of the restatements, we may be subject to adverse customer reaction, which may make it more difficult to attract and retain customers and lead to loss of revenues. Adverse investor
reaction and inquiries by regulators may divert management's attention from core business needs or strategic opportunities, reduce revenue opportunities or increase costs.

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