Upgrade Deepens Level 3 Commitment to Financial Services Industry
LONDON, Jul 06, 2010 (BUSINESS WIRE) -- Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced it has upgraded its ultra-low-latency fiber-optic network connection from London to Frankfurt. The upgrade significantly improves latency on this route as well as the Frankfurt-to-New York and Frankfurt-to-Chicago routes, enabling higher-speed transaction rates with very low transmission delays for financial exchanges and other trading venues.
"Latency remains a highly-sensitive issue in the financial industry, and Level 3's improvement of its Frankfurt to London ultra-low-latency route (and the subsequent benefit to its other routes as a result) positions the company well in this area, particularly among international enterprise and financial service providers," said Roopashree Honnachari, senior industry analyst with Frost & Sullivan. "Combined with the company's latency guarantees and network scalability, this offering could be a real competitive differentiator for Level 3."
Effective today, Level 3 will offer customers two grades of performance for ultra-low-latency routes, with access to circuit speeds of up to 10 Gigabits per second.
These two grades, Premier and Advanced, will allow customers to choose between two latency route speeds based on their specific requirements. Premier customers will have access to the faster ultra-low-latency route. Both of these levels are then backed by Level 3's latency service level agreement (SLA).
"Similar to our ultra-low-latency route from New York to Chicago, this upgrade demonstrates Level 3's commitment to supporting our financial services customers, especially as ultra-low-latency and transaction cycle times are critical to this sector," said James Heard, president of European Markets at Level 3. "It also reinforces our commitment to continually enhance our ultra-low-latency service offering which, when combined with our network scale and reliability, deepens our commitment to the financial services community."
The Level 3 network today spans 22 countries, with services offered in approximately 190 markets in Europe and North America. The company operates approximately 54,000 long-haul fiber miles and 27,000 metro fiber miles, making it one of the most extensive and diverse network footprints in the market.
Leveraging this footprint, Level 3 offers multiple low-latency options for any given route and a direct connection to low latency, trans-Atlantic routes with diverse landing stations to better enable network security and business continuity.
To learn more about Level 3's European capabilities, please click here.
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.
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: Alexis Hammack, 720-888-2441 or Investors: Mark Stoutenberg, 720-888-2518