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Level 3

Level 3 , which trades on Nasdaq under the ticker LVLT  is a huge multinational corporation and information services giant. The company has it's HQ in Colorado and it currently runs one of the largest internet hubs and communications centers in the world.

Founded in 1998, the company has boasted of owning the world's most advanced IP networks. It owns and maintains about 40,000 intercity route miles and has partnerships with other major players which enables it to make about 80,000 route miles available to their customers.

True History of the company

Officially Level 3 was founded in 1998, but in fact it was originally founded back in 1985 as a company called Kiewit Diversified Group Inc. The company was formed back then originally to hold onto the areas of business that were not the focus of it's parent company called  Peter Kiewit Sons’, Inc., a very large construction and mining firm.

In 1998 Level 3 raised over 14 billion dollars and is generally known as the best funded start up ever.

Call centers all over the world and particularly here in the United States have contracts with Level 3. No matter what the location, answering services and call centers definitely have messages ( at the very least ) going over the lines and miles owned and maintained by Level 3.

Company's Latest News:

Level 3 Completes Acquisition of SAVVIS Content Delivery Network

BROOMFIELD, Colo., January 23, 2007 - Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that it has completed its acquisition of the Content Delivery Network (CDN) services business of SAVVIS, Inc. (Nasdaq: SVVS).

Pursuant to the definitive agreement, dated December 23, 2006, Level 3 has paid $132.5 million in cash to acquire certain assets, including network elements, customer contracts, and intellectual property used in SAVVIS’s CDN business.

“The opportunities presented by delivering rich media applications over the Internet continue to increase, and the addition of CDN capabilities to our service portfolio will enable Level 3 to better address this important market,” said Kevin O’Hara, president and chief operating officer of Level 3. “This acquisition does not require the type of physical integration associated with the metro and backbone transactions we announced in 2006. We are confident in our ability to incorporate this key capability into our service portfolio.”

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