BROOMFIELD, Colo., October 14, 2010
Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that it has signed an agreement with Grooveshark, an on-demand music service company and subsidiary of Escape Media Group, to provide high-speed Internet Protocol (HSIP) services to facilities in Denver and Jacksonville, Fla.
Based in Gainesville, Fla., Grooveshark offers a Web-based platform aimed at simplifying the digital music environment for consumers, artists and content distributers. Under the terms of the agreement, Level 3 will provide Grooveshark with HSIP services, using an international IP network and access to efficient low-latency routes to enhance Grooveshark’s online music streaming capabilities. The agreement will also enable the company to use Level 3’s HSIP as an in-house solution for scalable bandwidth. This will allow Grooveshark to leverage Level 3’s HSIP to provide direct streaming to its customers, thereby reducing costs and improving service quality.
“Grooveshark strives to provide the best music streaming service to every music fan in the world,” said Colin Hostert, chief information officer of Escape Media Group. “Level 3’s reliable HSIP service helps us simplify our content delivery by bringing the solution in-house, and leveraging their fiber network enables us to offer consumers an efficient way to enjoy our vast selection of music.”
“As the demand for immediate access to online content increases, enterprises are relying upon high-speed bandwidth as a necessary element for their critical business objectives,” said Andrew Crouch, president of Sales for Level 3. “Our HSIP service offers customers an efficient and scalable solution for bandwidth capacity, and we are pleased to work with Grooveshark to improve their customers’ digital music experience.”
Level 3 leverages 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.
© Level 3 Communications, LLC. All Rights Reserved. Level 3, 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.
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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