Broomfield, CO, Feb 19, 2002 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced it has signed an agreement to provide a North American transport backbone to Triumph Communications, Inc., a New York-based provider of private digital fiber networks for broadcast customers.
Triumph, a subsidiary of Liberty Livewire Corporation (Nasdaq:LWIRA), a majority-owned subsidiary of Liberty Media Corporation (NYSE:L;LMC.B), is using approximately 35 high-speed private line circuits from Level 3 as part of its OC-12 network backbone, over which it is offering enhanced services to its customers.
Level 3 turned up many of the Triumph circuits using its On-Net Transport Activation Process (ONTAP) provisioning system. This proprietary system enables delivery of wavelength and private line service in less than 10 business days. The industry analyst firm Frost & Sullivan recently presented ONTAP with its prestigious Market Engineering Award, calling it "a major customer service differentiation" for the company.
"Transporting broadcast video signals requires the highest level of network reliability," said Kevin O\'Hara, Level 3\'s president and chief operating officer. "Our agreement with Triumph stands as strong testament to the underlying capabilities of our network, as well as to our provisioning skill. The ONTAP process continues to separate Level 3 from other competitors in the industry."
"We are delighted to have the opportunity to work with Level 3 and their state-of-the-art network system," stated Scott Davis, president of the Networks Division of Liberty Livewire. "The ONTAP system is an enhancement to the quick and efficient provisioning of our network."
Triumph\'s parent company, Liberty Livewire Corporation (Nasdaq:LWIRA), provides audio and video post-production, transmission, library services, Internet hosting, and network and content distribution services via satellite and fiber to clients in the feature film, television and advertising industries. Liberty Media Corporation holds interests in a broad range of programming, communications, technology and Internet businesses in the United States, Europe, South America and Asia.
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.
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.