Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced that it has signed a multi-year agreement with cable operator Knology Broadband, Inc. (NASDAQ: KNOL) to deliver scalable bandwidth services that will further enable Knology's advanced broadband network for its enterprise and residential customers. Level 3's national scale and resources will help West Point, Ga.-based Knology stay ahead of its customers' rapidly growing demands for bandwidth, and provide improved reliability based on a fully redundant architecture. In addition, the arrangement will offer increased procurement simplicity and operational efficiency for Knology as it consolidates services with Level 3 as its primary provider.
Under the new agreement – which expands on a long-term relationship between the companies – Knology will leverage the Level 3 infrastructure to support core backbone upgrades in Knology's key markets, including Augusta and Columbus, Ga.; Panama City, Fla.; Lawrence, Kan.; and Sioux Falls, S.D. Knology will also upgrade existing services in Chicago, Atlanta, Huntsville, Ala. and Charleston, S.C.
"This new agreement with Level 3 allows for enhanced delivery of advanced video, data and voice services for our residential customers, in addition to significantly increasing our portfolio and reach for business customers," said Knology's Chief Technology Officer John Treece. "As our customers' demand for video and data continues to grow rapidly, Level 3 provides us with the required national scale and ability to adapt quickly to our customers' increased bandwidth needs."
"It's a true testament to our quality of service when a longstanding customer like Knology substantially expands their relationship and consolidates their business with us as their primary network provider, especially when it involves a critical, strategic initiative like upgrading their backbone network," said Andrew Crouch, president of Sales for Level 3. "Knology's mission is to deliver great service to their customers, and with Level 3's advanced network services and expertise, they are better poised to accomplish that now and in the future."
For more information on Level 3's advanced network and service offerings, visit www.level3.com
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 Logoare 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.
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; a discontinuation of the development and expansion of the Internet as a communications medium and marketplace for the distribution and consumption of data and video; and disruptions in the financial markets that could affect Level 3's ability to obtain additional financing.Additional factors include, but are not limited to, the company's ability to: increase and maintain the volume of traffic on its network; develop effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; defend intellectual property and proprietary rights; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; successfully integrate acquisitions; 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.
Monica MartinezVoice: 720-888-3991
Mark StoutenbergVoice: 720-888-2518