Updates Include a Flexible Commercial Approach and Support for High Definition
BROOMFIELD, Colo., Jun 07, 2010 (BUSINESS WIRE) -- Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced significant updates to its local video switching offering, enabling its Vyvx customers to transmit - or "switch" - video feeds between two local loops within a single market.
Starting in June, the new offerings will give broadcasters access to Level 3's extensive national Vyvx footprint of coverage and a cost-effective alternative for local switching services. New features and a competitive new pricing structure will add to a compelling value proposition that includes:
- An extensive footprint - At its launch, new local switching rates will be available in more than 50 markets, far surpassing the nearest competitor.
- HD support - Level 3's Vyvx network will support HD loops in a number of markets starting the first day of launch, with support for both 1.5 Gigabits per second and 3 Gigabits per second. These services will initially be available in a dozen markets, including New York City, Los Angeles, Washington D.C. and Miami, with more cities added in the coming year.
- International reach - The same local switching rates apply in all U.S. markets, as well as London.
- Loop flexibility - With Level 3, there are no access restrictions. Unlike other providers that require access to be procured through them, customers using Level 3's Local Switching service will have the option to procure their own loops or buy through Level 3 Vyvx.
"Level 3 has a leg up on the competition in this area in that we have the largest number of fiber-video television switching centers in the U.S. We invite broadcasters to make the switch and take advantage of our superior connectivity," said Peter Neill, senior vice president of Content Markets. "That connectivity, combined with Level 3's extensive footprint and an attractive pricing structure will give Level 3 customers a significant value for their local switching services."
The announcement furthers Level 3's commitment to local markets and allowing customers to Link Globally and Connect Locally.
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, Vyvx, 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
Level 3 Communications Media: Alexis Hammack, 720-888-2441 or Investors: Mark Stoutenberg, 720-888-2518