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Level 3 launches (3)Crossroads internet access service into satellite communications market
Broomfield, Colorado (ots-PRNewswire) - (3) CrossRoads Rewards Communications-Intensive Companies for Bringing And Exchanging Traffic on Level 3's Global Broadband Network
Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that Verestar Inc., Gilat Satellite Networks, iBEAM Broadcasting Corp. and EuropeanInvestor.com have signed contracts to use its (3)CrossRoads Internet access service to deliver services to their satellite communications customers. (3)CrossRoads is a high performance network service that can lower bandwidth costs for communications intensive companies by as much as 50 percent. "We're pleased to provide (3)CrossRoads service to these prominent satellite communications companies," said Dan Caruso, senior vice president of Global Transport and IP Services for Level 3. "We've seen exceptional demand for our (3)CrossRoads Internet access services from a variety of communications intensive market segments, and feel strongly that satellite companies will become an increasingly significant part of our quickly growing customer base." (3)CrossRoads Internet Access Service (3)CrossRoads is an IP service that offers a wide range of interface types and access locations, including a Gigabit Ethernet (1,000 Mbps) customer interface option. Level 3 employs a unique network approach to track the destination and monitor the bandwidth usage of IP packets traveling on or off its high-capacity, continuously upgradeable fiber optic network. (3)CrossRoads features Destination Sensitive Billing (DSB), the industry's first pricing based on the destination of Internet traffic rather than traditional flat rate pricing. The new service enables Level 3 customers to enjoy long-term cost savings and bypass congested Internet exchange points, minimising latency and improving end-user experience. "(3)CrossRoads, in a short time in the market, has become a significant source of recurring revenue for Level 3, in part because of the destination-based billing structure that rewards our customers for bringing traffic, and exchanging traffic, on our network," said Brian Horsfield, vice president of Global IP Services for Level 3. "We expect (3)CrossRoads to continue to steadily drive more and more bandwidth onto Level 3's metropolitan and long-haul networks in the U.S., Europe and Asia." (3)CrossRoads service is available today in 39 major North American markets where Level 3 owns and operates advanced Internet and communications facilities called Gateways, including Atlanta, Boston, Chicago, Dallas, Denver, Los Angeles, New York, San Francisco, Seattle and Washington, D.C. Level 3 also offers (3)CrossRoads service in nine European and two Asian markets. Level 3 customers can take advantage of (3)CrossRoads from a Level 3 Gateway, their own premises, and other IP-enabled facilities connected to the Level 3 network -- such as neutral colocation centers and carrier hotels. For more information on (3)CrossRoads, visit http://www.level3.com/us/services/crossroads/. About Level 3 Communications Level 3 (Nasdaq: LVLT) is a global communications and information services company offering a wide selection of services including IP services, broadband transport, colocation services and the industry's first Softswitch based services. Level 3 offers services primarily to communications intensive companies that deliver their services over the Level 3 Network. Its Web address is www.Level3.com. (3)CrossRoads is a service mark of Level 3 Communications, 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: substantial capital requirements; development of effective internal processes and systems; the ability to attract and retain high quality employees; changes in the overall economy; technology; the number and size of competitors in its markets; law and regulatory policy; and the mix of products and services offered in the company's target markets. 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.
ots Originaltext: Level 3 Communications, Inc.
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