LONDON, August 12, 2010
Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced the availability of direct connectivity into global financial markets technology company BATS Europe, operator of a European Multilateral Trading Facility (MTF). This will give Level 3’s European financial services customers access to Level 3’s international Tier 1 backbone and low-latency trading execution from Europe to North America.
The new offering includes options for metro and inter-city connectivity as well as direct connection to Level 3’s low-latency, trans-Atlantic routes with diverse landing stations to better facilitate security and business continuity.
BATS Europe, launched on the 31 October 2008, is one of the leading pan-European markets, with market share of 8-10 percent in the FTSE 100, 7 percent of the SMI and 5-6 percent across the 15 European markets in which it operates.
“The tremendous growth of BATS Europe is a result of our forward-thinking approach to technology and understanding of the importance of fast, reliable global connectivity,” said Paul O’Donnell, chief operating officer at BATS Europe. “We’re committed to providing communications access solutions to market participants that meet the rigorous demands of the financial trading industry. We’re pleased to include Level 3 among the providers from which our participants may choose to connect to BATS Europe.”
Level 3 offers a number of customisable solutions for the financial industry, as well as low-latency network services to select trading venues throughout Europe and North America, including 15 financial exchanges, 14 electronic communications networks and seven market data centers.
With approximately 54,000 long-haul fibre miles and 27,000 metro fibre miles spanning 190 markets in 22 countries, Level 3 operates one of the most extensive and diverse network footprints in the market. As a result, Level 3 offers multiple low-latency options on a number of routes.
“At Level 3, we understand that when it comes to financial transactions, fractions of a second matter, and we’ve designed our services for this industry to meet the needs of the most sophisticated and demanding of customers,” said James Heard, president of European Markets at Level 3. “BATS Europe’s participants will now have access to solutions that nine of the top ten commercial banks rely on every day, including low-latency trading, highly scalable high-speed connections and secure transport of financial data that complies with major industry standards.”
For more information on Level 3’s services for the financial industry, 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. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc.
Forward-Looking Statement
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.
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Contact Information
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Level 3 Communications
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| Media: | Investors: |
| Alexis Hammack | Mark Stoutenberg |
| 720-888-2441 | 720-888-2518 |
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BATS
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| Media/Analysts: | |
| Randy Williams | |
| +1-212-378-8522 | |
| rwilliams@batstrading.com | |
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