Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it has signed a one-year agreement to provide (3)CrossRoads Internet access service to the Corporation for Education Network Initiatives in California (CENIC).
Based in Los Alamitos, California, CENIC is a not-for-profit organization formed by the California Institute of Technology, the California State University, Stanford University, the University of California, and the University of Southern California to facilitate and coordinate deployment, development, and operation of a set of seamless and robust advanced network services.
Under the terms of the agreement, CENIC will use a minimum of one gigabit per second of Level 3's (3)CrossRoads Internet access service to provide connections to the public Internet and other networks for more than three million students and faculty in California's major research universities and other educational institutions, from kindergarten through post-graduate level. A gigabit -- equivalent to one billion bits -- represents the amount of information that can be transmitted in one second.
"This agreement reflects positively on the combination of high performance and price leadership that Level 3 provides in the IP services marketplace, particularly now that we're operating our own network," said David Samuels, senior director of Global IP Services for Level 3. "We look forward to working with CENIC to meet the network connectivity needs of students and faculty engaged in education in California. And while one gigabit represents a significant amount of traffic on our network, we expect CENIC's bandwidth usage to grow well beyond that in the near future."
Tom West, President/Executive Director of CENIC, agrees: "We're very pleased to enter into this agreement. Level 3 represents a unique combination of experience, expertise, and infrastructure that makes them an ideal provider for CENIC -- and for California's research and education community as a whole."
(3)CrossRoads Internet Access Service
(3)CrossRoads is a global Internet access service designed to provide superior network performance across Level 3's multi-protocol label switching (MPLS) backbone currently operating at 10 gigabits per second. Engineered for maximum flexibility and scalability, (3)CrossRoads takes advantage of the latest available technologies to meet customers' needs. (3)CrossRoads provides connectivity from a variety of locations around the world, including Level 3 data centers in the U.S., Europe and Asia. For more information on (3)CrossRoads, visit http://www.level3.com/us/services/crossroads/.
CENIC is a not-for-profit corporation formed by the California Institute of Technology, the California State University, Stanford University, the University of California, and the University of Southern California to facilitate and coordinate the deployment, development, and operation of a set of seamless and robust advanced network services. The CENIC Associates program offers qualified companies the opportunity to collaborate with CENIC in pursuit of the goal of providing the most advanced network services for research and education. Cisco Systems, Nortel Networks, Pacific Bell, and the University and Community College System of Nevada are CENIC's Partner Associates. More information about CENIC is available through its website: http://www.cenic.org/.
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. Its Web address is www.Level3.com.
(3)CrossRoads is a service mark of Level 3 Communications, Inc.
Other product or service names mentioned herein are the trademarks of their respective owners.
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.
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SOURCE: Level 3 Communications, Inc.
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