Level 3 Communications, Inc. (NASDAQ: LVLT) filed a proposal with the Federal Communications Commission (FCC) suggesting a possible resolution to the special access regulation proceeding currently pending before the FCC. Level 3’s proposed solution would enable the FCC to undertake a comprehensive review of the competitive marketplace and establish new rules to address concerns over current special access services. Read the rest of this entry »
James Q. Crowe (57) , chief executive officer of Level 3 Communications, Inc has to undergo surgery for a most likely benign tumor. Of course we wish him all the best and a lot of strength. James stated:
“During a routine physical examination, my physician discovered a tumor of the pituitary gland. I have been advised that the tumor is almost certainly benign, and that it does not have a negative effect on my ability to conduct my usual business affairs.
“However, if left untreated, this condition could have significant, adverse, long-term health consequences. Therefore, surgical removal is recommended. The procedure is safe and successfully resolves the condition in most cases. In the event surgery is not completely successful, additional treatments are available including medications and radiotherapy. Read the rest of this entry »
Telarus today announced the launch of a new marketing web site that focuses on businesses looking for Ethernet over Copper (EoC), Ethernet over Serial (DS1), fast (100 mbps) and gigabit (1 gbps) Ethernet broadband availability: ShopforEthernet. The web site, powered by GeoQuote and Google maps, enables the general public to search for lit buildings where broadband carriers have a physical presence. The results are displayed on a dynamically generated map for easy viewing.
“We are very excited about the launch of ShopforEthernet,” commented Adam Edwards, president of Telarus. “Giving the public visibility into the location of telecommunications equipment is a major advance in this industry, which has traditionally kept this information very close to the vest.”
Finding “lit” buildings where Ethernet broadband is available is very important to larger companies with high bandwidth requirements. By plugging in directly to a telecommunications carrier via Ethernet, customers avoid the expensive loop charges assessed by the local phone company.
Level 3 Reports Second Quarter 2007 Results
- Consolidated Revenue of $1.052 billion
- Net Loss of $202 million, or $0.13 per share
- Consolidated Adjusted EBITDA of $193 million
- Completed acquisition of Servecast Limited, a provider of live and on-demand video management and streaming services in July 2007 Read the rest of this entry »
Level 3 Communications’ European Markets Group today announced that it has been selected by JoostTM to support its broadcast-quality Internet television service. Under the terms of the agreement, Level 3 will provide Joost with network solutions including high speed Internet access and colocation services in North America and Europe. Read the rest of this entry »
Level 3 Communications, Inc. (NASDAQ:LVLT) today announced that its operating subsidiary has acquired Servecast Limited, a Dublin-based provider of live and on-demand video management and streaming services for broadband and mobile platforms. Level 3 has paid approximately €33 million, the equivalent of approximately $45 million, in cash to complete the acquisition of Servecast. Read the rest of this entry »