New Multi-Service Relationship Enables Level 3 and GlobeNet to Meet Rising Bandwidth Demands in South America
BROOMFIELD, Colo., May 26, 2010 -- Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that the company has established a multi-service relationship with GlobeNet, an international provider of submarine cable transmission capacity, to enable Level 3 and GlobeNet to offer transport and high-speed Internet services to satisfy the growth in communications demand in South America.
Through the relationship, Level 3 will be able to offer its high-speed Internet protocol (HSIP) services packaged with GlobeNet's sub-sea cable capacity on routes between South America and North America. GlobeNet will be able to offer its sub-sea cable capacity packaged with Level 3's HSIP services.
"With the increasing desire for high-quality global communications, it is crucial for network enablers to leverage infrastructure that is scalable, efficient, and capable of operating across the Americas," said Erick Contag, chief operating officer for GlobeNet. "We are pleased that our relationship with Level 3 will extend our international capabilities and increase our customers' access to premium data and IP services."
Broadband penetration, including the deployment of 3G/4G wireless networks and fixed line triple and quadruple plays (voice, video, internet, and wireless) are contributing to the significant demand for bandwidth in South America. The combination of GlobeNet's sub-sea, low-latency network and Level 3's HSIP services allows Level 3 and GlobeNet to enhance their ability to meet the rising demand for Internet and data capacity in South America as well as offer broad service packages to their respective customers across North America, South America, and Europe.
"Level 3 is committed to meeting the rising demand for high-speed internet and international connectivity. Our new collaboration with GlobeNet illustrates this by increasing our ability to provide customers with premium packaged services to the South American market," said Andrew Crouch, president of Wholesale Markets for Level 3. "By continually improving service offerings and network reach, Level 3 demonstrates its ability to consistently deliver a next-generation infrastructure and solidifies its industry leadership among a global customer base."
With approximately 54,000 long-haul fiber route miles and 27,000 metro fiber miles spanning 190 markets in 22 countries, Level 3 offers a broad portfolio of telecommunications services, including voice over internet protocol (VoIP), transport, data, collocation, and content delivery.
For more information on Level 3's advanced network and service offerings, visit www.level3.com.
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT) 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.
© Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3 Communications and the Level 3 Communications Logo are either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners.
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.
SOURCE: Level 3 Communications, Inc.
Level 3 Communications, Inc. Media: Jon Paul McLeary 720-888-3244 or Investors: Mark Stoutenberg 720-888-2518
Level 3 and GlobeNet to Provide High-Speed IP Services Bundled with Sub-sea Capacity