LONDON, April 13, 2010
Level 3 Communications, Inc. (NASDAQ: LVLT) today announced two major milestones: the expansion of its Vyvx network into Central Europe, and the celebration of its three millionth Vyvx reservation booked.
With the new connectivity into Prague, Czech Republic-based telecommunications provider Dial Telecom signed on with Level 3 to bring Radio Free Europe/Radio (RFE/RL)'s content from Prague to Washington, D.C. The deal opens up the possibility for Dial Telecom (and other Czech communications providers) to work with Level 3 to begin offering previously unavailable broadcast services in Central Europe.
"Level 3's international IP backbone and Vyvx infrastructure were critical to Dial Telecom bringing RFE/RL's content to new audiences," said Tomas Strasak, chief of Sales at Dial Telecom. "As a result of the work on this project, we're able to expand our service offerings to include broadcast delivery in Central Europe, with the vital support of Level 3's proven Vyvx infrastructure behind us."
The expansion into Prague comes as Level 3 reaches a major milestone on its Vyvx network. In late February, the company surpassed three million reservations booked on its Vyvx network. A reservation refers to the time a customer reserves for video content delivery on the Level 3 Vyvx network. For more than 20 years, some of the largest media and entertainment companies have trusted Level 3 Vyvx to deliver mission-critical video transmission solutions for world news, sports, entertainment and major events.
"As we expand our Vyvx services and the reach of the network, we're seeing Vyvx become a more integral part of broadcast delivery than ever before. We are pleased with the increase in the number of minutes reserved on the network – a trend we see continuing for 2010," said Peter Neill, senior vice president of Content Markets at Level 3. "This is a testament not only to the power and reliability of our Vyvx services, but to our commitment to advancing the technology and creating a network that will accommodate the next generation of broadcast delivery."
For more information on Level 3's Vyvx services, visit www.level3delivers.com. Level 3 representatives are also in Las Vegas at the National Association of Broadcasters industry conference from April 12 to 15 to discuss Level 3's broadcast delivery capabilities. The Level 3 booth is located in the South Hall – SU9506Z in the Destination Broadband Pavilion.
About Level 3 Communications
Level 3 Communications, Inc. (NYSE:LVLT, news, filings) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit www.Level3.com.
Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the current uncertainty in the global financial markets and the global economy; disruptions in the financial markets that could affect Level 3's ability to obtain additional financing; as well as the company's ability to: increase and maintain the volume of traffic on the network; successfully integrate acquisitions; develop effective business support systems; defend intellectual property and proprietary rights; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.