Level 3's Transport Services Enable Transbeam to Expand Market Presence to Boston, Philadelphia and Washington, D.C.
BROOMFIELD, Colo., Aug 25, 2010 (BUSINESS WIRE) -- Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that it has expanded its service relationship with Transbeam, Inc., a premier provider of voice and data services, to include transport services to Boston and later to Philadelphia and Washington, D.C.
Since 1996, New York City-based Transbeam has offered its customers a variety of integrated communications solutions, such as carrier grade Ethernet, hosted private branch exchange (PBX) and customized data delivery solutions. Under the terms of the agreement, Level 3 will provide Transbeam with fiber connectivity for services in the Boston area, with later expansion planned to Philadelphia and Washington, D.C. by the end of 2010.
"Our wholesale and enterprise customers depend on efficient and reliable communications services in order to remain competitive in their respective markets," said Marc Sellouk, chief executive officer of Transbeam. "Working with Level 3 has enabled us to provide our customers with a premium network that will help drive their businesses forward, and we are pleased to expand our relationship with Level 3 and leverage their scalable fiber-optic network to increase our market presence in Boston, Philadelphia and D.C."
"Level 3 is dedicated to offering the highest quality services available in order to meet the increasing enterprise demand for efficient IP networks," said Andrew Crouch, president of Sales for Level 3. "Transbeam's continued confidence in and expanded relationship with us demonstrates our competitive service advantage within the enterprise market."
Level 3 leverages its 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