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4-Traders Homepage  >  Equities  >  Nyse  >  Level 3 Communications, Inc.    LVLT

Delayed Quote. Delayed  - 08/25 10:00:00 pm
49.44 USD   -0.46%
02:01p LEVEL 3 COMMUNI : Completes Two Network Expansions in New York
08/24 LEVEL 3 COMMUNI : Named 2016 Cyber Security Awareness Month Champion
08/22 FROST & SULLIVA : Commends Level 3 for Offering Advanced VoIP Access..
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Level 3 Communications : Completes Two Network Expansions in New York

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08/25/2016 | 02:01pm CEST

BROOMFIELD, Colo., Aug. 25, 2016 /PRNewswire/ -- As bandwidth requirements and the need for flexible, high capacity solutions continue to grow, Level 3 Communications (NYSE: LVLT) has completed work on two network expansions in Westchester County, New York. The fiber sub-loops provide enterprise customers with access to Level 3's global product portfolio, additional business continuity disaster recovery (BCDR) services as well as fiber path diversity.

Key Facts:

    --  The expansions build on Level 3's existing network in New York, adding a
        2.5-mile sub-loop from Tarrytown to Hawthorne and a 5-mile sub-loop
        through Purchase
    --  These additional sub-loops strengthen route diversity, further
        fortifying BCDR capabilities and providing businesses with a complete
        fiber path, additional route diversity and increased capacity
    --  As part of the expansion, Level 3 can deliver up to 100 Gigabyte speeds
        for business internet and data in addition to Level 3's full product and
        services portfolio which includes  SIP, Security, Cloud, Hybrid WAN
    --  Level 3's global fiber-optic network stretches for more than 200,000
        miles with connections in more than 60 countries and 500 major cities
        around the globe

Key Quotes:

Carl Bonitz, general manager New York, Level 3 Communications

As a company, we understand how important it is for businesses to have safe, secure and reliable network connections that deliver faster solutions to move their businesses forward. Our investment and expanded network provide businesses in Westchester County with local network infrastructure and support alongside global connectivity, creating a gateway for information exchange across the region and around the world.

Marsha Gordon, chief executive officer, Business Council of Westchester County

We congratulate Level 3 on the completion on this, their latest expansion. Level 3 continues to demonstrate a commitment to Westchester County and through this network expansion is helping to create a technology infrastructure attractive to businesses in our community. Westchester is an exciting place to be. A solid technology infrastructure is essential to the county's economic future.

About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers. Level 3's comprehensive portfolio of secure, managed solutions includes fiber and infrastructure solutions; IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 serves customers in more than 500 markets in over 60 countries across a global services platform anchored by owned fiber networks on three continents and connected by extensive undersea facilities.

© Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3 Communications, Level (3) and the Level 3 Logo are either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc.

Forward-Looking Statement
Some statements made in this press release are forward-looking in nature and 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. 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 the tw telecom acquisition; manage risks associated with continued uncertainty in the global economy; increase revenue from its services to realize its targets for financial and operating performance; maintain and increase traffic on its network; develop and maintain effective business support systems; manage system and network failures or disruptions; avert the breach of its network and computer system security measures; develop new services that meet customer demands and generate acceptable margins; manage the future expansion or adaptation of its network to remain competitive; defend intellectual property and proprietary rights; manage continued or accelerated decreases in market pricing for communications services; obtain capacity for its network from other providers and interconnect its network with other networks on favorable terms; attract and retain qualified management and other personnel; successfully integrate future acquisitions; effectively manage political, legal, regulatory, foreign currency and other risks it is exposed to due to its substantial international operations; mitigate its exposure to contingent liabilities; and meet all of the terms and conditions of its 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.


    Contact Information

    Media:                   Investors:

    D. Nikki Wheeler         Mark Stoutenberg

    + 1 303-842-5150         +1 720-888-2518

    nikki.wheeler@level3.com mark.stoutenberg@level3.com

http://photos.prnewswire.com/prnvar/20140908/144115

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/level-3-completes-two-network-expansions-in-new-york-300317161.html

SOURCE Level 3 Communications, Inc.

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Financials ($)
Sales 2016 8 283 M
EBIT 2016 1 477 M
Net income 2016 588 M
Debt 2016 9 163 M
Yield 2016 -
P/E ratio 2016 28,72
P/E ratio 2017 23,03
EV / Sales 2016 3,26x
EV / Sales 2017 3,10x
Capitalization 17 858 M
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Level 3 Communications, In Technical Analysis Chart | LVLT | US52729N3089 | 4-Traders
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 60,8 $
Spread / Average Target 23%
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Managers
NameTitle
Jeffrey K. Storey President, Chief Executive Officer & Director
James Oren Ellis Chairman
Sunit S. Patel Chief Financial Officer & Executive Vice President
Harold W. Teets Chief Information Officer
Michael J. Mahoney Independent Director
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