Level 3 to Support High Capacity Demand for Leading Social Networking Site
Level 3 to Provide High Speed Internet Access for MySpace.com
BROOMFIELD, Colo., August 18, 2006 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced it has been selected by MySpace.com® to support the company’s social networking services, including video transmission. Under the terms of the multi-year agreement, Level 3 will initially provide Level 3® High Speed IP Service to support MySpace’s services in multiple markets.
MySpace, one of the world’s largest online communities, is a social networking site based in California, offering an interactive network of blogs, user profiles, groups, photos, video uploading and downloading and an internal e-mail system.
“We selected Level 3 because of the proven performance of its network and Level 3’s ability to support increasing high bandwidth demand,” said Aber Whitcomb, chief technology officer of MySpace.
“We are excited to be working with MySpace to support their high capacity needs and their delivery of video services,” said Brady Rafuse, president of Content Markets for Level 3. “MySpace is a clear leader in delivering content for online social networking, and this agreement underscores the growth we are seeing in demand for our services in this important segment.”
With one of the world’s largest IP backbones, Level 3 provides reliable high capacity to meet growing demand from customers with rich media traffic. The company offers Internet capacity in 82 key markets in addition to a comprehensive suite of network services that serve as building blocks for its customers’ diverse service offerings. Level 3 has the scalability, performance, and service portfolio to support rich media content delivery solutions as its customers’ network needs evolve.
About Level 3 Communications
Level 3 (Nasdaq: LVLT), an international communications and information services company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3’s customers to meet their growing demands for advanced communications solutions. The company’s Web address is www.Level3.com.
Level 3 offers information services through its subsidiary, Software Spectrum, and fiberoptic and satellite video delivery and advertising distribution solutions through its subsidiary, Vyvx. For additional information, visit their respective Web sites at www.softwarespectrum.com and www.vyvx.com. On July 20, 2006, Level 3 announced it signed a definitive agreement to sell Software Spectrum for $287 million. Closing, subject to certain conditions, is expected to happen in the third quarter of 2006.
The Level 3 logo is a registered service mark of Level 3 Communications, Inc. in the United States and/or other countries. Level 3 services are provided by a wholly owned subsidiary of Level 3Communications, Inc.
Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: increasing the volume of traffic on Level 3’s network; developing new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technology and information systems to support new products and services, including voice transmission services; stabilizing or reducing the rate of price compression on certain of our communications services; integrating strategic acquisitions; attracting and retaining qualified management and other personnel; ability to meet all of the terms and conditions of our debt obligations; overcoming Software Spectrum’s reliance on financial incentives, volume discounts and marketing funds from software publishers; and reducing downward pressure of Software Spectrum’s margins as a result of the use of volume licensing and maintenance agreements. 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 release should be evaluated in light of these important factors.
- Contact Information
- Jennifer Daumler
- Media Contact
- Level 3 Communications, Inc.
- Contact via E-mail
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.