Level 3 to Upgrade Bandwidth, Deliver VPN to Pennsylvania Bank
BROOMFIELD, Colo., Jul 22, 2010 (BUSINESS WIRE) — Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that it has been selected to upgrade network, voice and data services for Lebanon, Penn.-based Jonestown Bank & Trust (JBT).
Under the terms of the contract, Level 3 – which currently provides frame-relay services to JBT – will increase the bandwidth it delivers for JBT’s voice and data services, and will also provide MPLS-based virtual private network (VPN) services to JBT’s nine Pennsylvania branch locations spread throughout Jonestown, Lebanon, Grantville, Newmanstown, Cleona and Palmyra.
“Having worked with Level 3, we knew they could provide cost-effective solutions that comply with the strict security standards that financial institutions require,” said JBT vice president of Operations, Joseph C. Lieb. “Upgrading to the private network and voice services will allow us to grow our business and ensure a reliable user experience for our customers.”
“The innovative architecture behind Level 3’s expansive network enables us to scale our services to meet the evolving needs of customers like JBT,” said Jeff Tench, president of Level 3’s Business Markets Group. “This expanded relationship also demonstrates our focus on delivering high-quality, extremely reliable communications solutions for the financial services sector.”
Level 3’s Business Markets Group leverages the power of the company’s extensive fiber-optic network, metro assets, and a 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.
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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: Jon Paul McLeary, 720-888-3244 or Investors: Mark Stoutenberg, 720-888-2518