Happy Call for Level 3
Level 3 (LVLT) got a call up to the bigs.
The Broomfield, Colo., phone service wholesaler was one of five telcos chosen by the U.S. General Services Administration to be eligible for some $20 billion in federal IT networking contracts.
Also making the list are phone giants AT&T (T), Verizon (VZ), Qwest (Q) and, this time around, Sprint (S), which was snubbed in an earlier bakeoff for telecom service work. The inclusion of Level 3 in the supplier pool marks a significant sales opportunity for the network operator.
The project, called Networx Enterprise, hopes to "transform the current federal telecommunications system to a modern, secure, worldwide IP and MPLS-based network compliant with Internet Protocol version 6," according to the GSA. In other words, the five contractors will vie for slots on major computer network upgrades within federal agencies.Level 3 shares were down 2 cents to $5.89 in midday trading Thursday.
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