Company Receives Frost & Sullivan 2007 North American Growth Strategy Leadership Award in Carrier Ethernet Service
BROOMFIELD, Colo., March 12, 2008 — Level 3 Communications today announced that it has been awarded the 2007 Frost & Sullivan North American Growth Strategy Leadership Award in Carrier Ethernet Services. Frost & Sullivan presented Level 3 with the award in recognition of the company's ability to foresee the growth potential of Ethernet services beyond the LAN and address this potential by adding capabilities through strategic acquisitions.
"Level 3 has strategically moved away from being branded as a wholesale-only provider and has proven its ability to quickly perceive the market demand for retail Ethernet services and effectively equip itself to meet that demand," said Roopashree Honnachari, senior industry analyst for Frost & Sullivan. "The company has strongly positioned itself as a provider of end-to-end solutions to medium and large business enterprises."
This Frost & Sullivan award is presented each year to the company that has demonstrated an exceptional growth strategy within the industry. Frost & Sullivan noted Level 3's significant growth associated with its Ethernet services portfolio and an acquisition strategy that positions the company to support a wide range of business applications including: Business Continuity/Disaster Recovery, Storage Area Networks and Data Center Connectivity, Supply Chain Communications, WAN Connectivity, Imaging Video and Tele-presence, E-Content/Applications, Secure Internet Access and Voice Communications.
"Level 3 embarked on an aggressive strategy to meet our customers' growing demands for Ethernet services and made Ethernet a primary focus of our service development efforts," said Raouf Abdel, president of Business Markets Group for Level 3. "We are pleased that Frost & Sullivan has recognized our industry leadership in delivering reliable, scalable, high bandwidth, end-to-end solutions to medium and large enterprises. We continue to focus on developing and implementing our Ethernet services strategy and on delivering innovative and cost efficient services to our customers across all our market groups."
Level 3 has focused on Enterprise demand for high-performance Ethernet services as a way to control the customer's communications costs, improve productivity and build resilient communications. Through strategic acquisitions, it has compiled an award winning portfolio of Ethernet offerings that includes Ethernet Private Line, Ethernet Wavelengths, Ethernet Virtual Private Line, Virtual Private LAN Service, Ethernet Internet Access and Ethernet over TDM. These services, coupled with Level 3's extensive North American footprint and comprehensive service level agreements, combine to create a unique value proposition for its customers.
For more information about Frost & Sullivan's Best Practices Awards, visit www.awards.frost.com.
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, and 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 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 company’s ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend 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 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.
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