Agreement Supports Growing Video Sharing Phenomenon and Emerging Content Applications
BROOMFIELD, Colo., October 11, 2006 – Level 3 Communications’ Content Markets Division today announced it has been selected by CacheLogic, a provider of media delivery solutions to the content community, to provide network services that will enable the growth of CacheLogic’s global media delivery platform.
Under the terms of the multi-year agreement Level 3 will be CacheLogic’s preferred provider of high-speed Internet access and colocation services to support the company’s recently announced VelociX™ accelerated media delivery platform, targeting TV producers and studios who want to rapidly distribute their media to end-users. The service will be offered in the United States, Europe and Asian markets.
“Until now there have been limitations to effectively distributing movies, television programs and other rich media content over the Internet. Despite that, video sharing has been growing exponentially,” said Andrew Parker, chief technical officer and co-founder of CacheLogic. “Using Level 3’s advanced, scalable network and unparalleled high-bandwidth, high-speed services to power VelociX, we believe we can significantly improve the end-user experience.”
CacheLogic enables content providers to cost-effectively offer a wide range of movies, television programs and other rich media content to customers over the Internet. The company offers solutions to facilitate large media assets, such as television programs or movies, to be downloaded in minutes rather than hours. The broadband services provided by Level 3 will help CacheLogic extend its platform to a larger market.
“We’re pleased to be supporting CacheLogic in reaching the content community,” said Brady Rafuse, president of Level 3 Content Markets. “We believe Level 3 has the network, service portfolio and expertise to be a valuable resource to CacheLogic.”
Eight of the top-10 Internet destinations trust Level 3 to deliver network solutions. With one of the world’s largest IP backbones, Level 3 provides reliable high capacity solutions to meet the rapidly growing demand for rich media content online. With Internet connectivity in 82 key markets, and a comprehensive suite of network services that serve as customizable building blocks, Level 3 has the scalability, performance, and service portfolio to help its customers meet their customers’ demands.
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT), an international communications company, operates one of the largest Internet backbones in the world, connecting 180 markets in 18 countries. The company serves a broad range of wholesale, enterprise and content customers with a comprehensive suite of services including: Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice and voice over IP services, content delivery and media distribution services. These services provide the building blocks to 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 Communications,” "Level 3," the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC 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, product or company names recited herein may be trademarks or service marks of their respective owners.
Forward-Looking Statement
Some of the statements that we make 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 our control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent us from achieving our stated goals include, but are not limited to our ability to: successfully integrate acquisitions; increase the volume of traffic on our network; defend our intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of our 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.
