Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it has invested in making Level 3’s connection to the city of Manchester resilient, meaning the city’s Internet connectivity is now independent of the Level 3 London hub. Level 3 serves approximately 45 markets in Europe and can seamlessly deliver transport as well as Internet Protocol (IP) services from Manchester through to Western Europe and markets across North America. Effective immediately, Level 3 has implemented an augment of its European network to provide a diverse route for Manchester. The announcement comes as the city seeks to attract new businesses and stimulate economic development in the area. “Our goal at the Manchester Investment Development Agency Service is to promote inward investment and economic development in Manchester, and Level 3’s commitment to making the city resilient certainly supports that goal,” said Katie Gallagher, head of Creative Industries at MIDAS. “When companies are deciding where to do business, connectivity is a major criterion, and this investment will provide direct access to one of the world’s largest Internet backbones.” Level 3’s European network continues to expand in line with customer demand. This expansion follows an increase in its network capability in Central and Eastern Europe. This year, the company has invested in expanding and deepening its presence in a number of locations across Europe including the UK, Czech Republic, France, Germany and Belgium. The company plans to continue its investment in European infrastructure and connectivity throughout 2010. “By introducing resiliency, we’re improving network diversity away from London, deepening our European presence and enhancing our service options in the Manchester area,” said James Heard, president of European Markets at Level 3. “We believe there’s great potential for economic growth in this area, and are committed to supporting this growth with world-class telecommunications solutions.” The Level 3 network today spans 22 countries, with services offered in approximately 190 markets in Europe and North America. Capacity is offered between the two continents on five trans-Atlantic systems, with seven diverse routes. To learn more about Level 3’s European capabilities, please click here. 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. 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.
More from Press Releases
NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling
The Supreme Court rules that previous congressional action forbidding states from legalizing sports betting was unconstitutional.
Walmart CEO: 'We Are Transforming Globally' With Flipkart
On its investor call on Wednesday morning, Walmart discusses the Flipkart deal.
March 24 Full-Day Course Offering: Professional Approach to Trading SPX
OptionsProfits, the CBOE, and Option Pit are hosting a class on March 24 that covers a wide variety of methods to trade the S&P 500.