Level 3's International Network a Draw for VIP
WASHINGTON, May 04, 2010 -- Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that it has been selected to deliver voice services to VIP Communications, which provides prepaid long-distance service in the U.S. and more than 30 countries worldwide.
Under the contract, Level 3 will provide international voice termination (IVT) services to VIP. Level 3's IVT service is designed to deliver a high-quality, cost-effective solution for service providers with significant voice traffic by delivering real-time reporting and routing as well as real-time pricing.
"VIP is constantly on the lookout for cost-effective network solutions, and Level 3's network provided the reach and efficiency we were looking for," said Pete Rogers, senior vice president of Business Operations & Development for VIP Communications. "With our constantly growing call volume, we also needed a network that provides the flexibility to adapt to our changing business needs, and Level 3 delivered on that front as well."
Ashburn, Va.-based VIP Communications Inc. (www.joinvip.com) provides long-distance and international calling services that enable customers to stay in touch with family and friends and business contacts, worldwide. VIP's calling services are available from both land lines and cell phones at competitive rates.
"Delivering solutions that take advantage of the reach, flexibility and efficiency of our network represents the heart of Level 3's value proposition," said William Ganey, Level 3's general manager for Washington, D.C. "And we pride ourselves on combining our extensive fiber footprint with a local customer support team to deliver an unmatched customer experience."
Level 3's Business Markets Group leverages the power of the company's extensive fiber-optic network, metro assets, and locally focused sales and sales support organization to deliver world-class services to enterprise customers and service providers throughout the United States.
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: Vince Hancock, 720-888-2146 or Investors: Mark Stoutenberg, 720-888-2518