Monaco Telecom and Global Carrier Level 3 Sign a Strategic Agreement for International Connectivity
MONACO and LONDON, June 20, 2013 /PRNewswire/ — Level 3 Communications, Inc. (NYSE: LVLT) and Monaco Telecom have announced the signing of a strategic agreement that will connect the Principality of Monaco to Level 3′s global Internet backbone network.
As a result, Monaco Telecom will meet increased enterprise and consumer demand for more reliable and secure connectivity to some of the largest capital cities of Europe, Latin America, Asia and the United States.
The signing of this agreement will enable Level 3 to operate a point of presence (PoP) in Monaco and enable Monaco Telecom’s enterprise customers to use the Level 3 global network to link all of their sites both within the Principality and across the world in a secure and scalable manner without connection speed limitations.
Level 3′s redundant infrastructures will be connected in the Principality with direct access to the EIG (Europe India Gateway) submarine cable. This cable, which was deployed in Monegasque territorial waters in October 2009, connects Europe to India, via the Middle East, with access to East Africa. As a result, connection capabilities between Monaco and the rest of the world have increased eightfold in a single year (April 2011 – April 2012).
“I am extremely pleased that Level 3 Communications and Monaco Telecom have joined forces to offer EIG cable and Monaco Telecom customers access to one of the most connected IP networks,” said Martin Peronnet, CEO of Monaco Telecom. “This new agreement reflects the ever-growing demand for high-speed Internet services and business networks. This is why Monaco Telecom has equipped itself with all of the essential elements, global reach and capabilities needed to make it a major asset in the Principality and to further the development of companies in Monaco.”
“Our international customers based in Africa, the Middle East and Asia already enjoy a direct connection to Level 3 Communications’ global network through our extensive submarine cable network,” adds James Heard, Level 3 regional president of EMEA. “This agreement with Monaco Telecom adds to Level 3′s direct connectivity services through the EIG cable in these fast-growing markets.”
For more information on Level 3′s advanced network and service offerings, visit www.level3.com.
About Monaco Telecom Monaco Telecom provides mobile and fixed network telephony, Internet and television in the Principality. As a Cloud infrastructure operator in the Principality, Monaco Telecom offers tailored support to businesses and IT players, thanks to a powerful and secure international network and a Europe-India-Gateway submarine cable landing point, connecting Europe to Asia. Internationally, Monaco Telecom has successfully partnered with mobile telecommunications companies in Kosovo and Afghanistan to provide support for network operations and infrastructure (GSM, data, international voice communication, traffic management and roaming). Monaco Telecom currently has 282 employees and had achieved sales of EUR 206 million as of March 31, 2012. For further information, please visit the site www.monaco.mc.
The information contained under the caption “About Monaco Telecom” has been provided by Monaco Telecom, which is solely responsible for its content.
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 55 countries over a global services platform anchored by owned fiber networks on three continents and connected by extensive undersea facilities. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc. For more information, visit www.level3.com.
Website Access to Company Information
Level 3 maintains a corporate website at www.level3.com, and you can find additional information about the company through the Investors pages on that website at http://investors.level3.com/investor-relations/default.aspx. Level 3 uses its website as a channel of distribution of important information about the company. Level 3 routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investor Relations web pages.
Visitors to the Investors Relations web pages can view and print copies of Level 3′s SEC filings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with the SEC.
Copies of the charters for each of the Audit, Compensation and Nominating and Governance committees of Level 3′s Board of Directors, its Corporate Governance Guidelines, Code of Ethics, press releases and analysts and investor conference presentations are all available through the Investor Relations web pages.
Please note that the information contained on any of Level 3′s web sites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference in that document.
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 Global Crossing acquisition or otherwise realize the anticipated benefits thereof; manage risks associated with continued uncertainty in the global economy; 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; defend intellectual property and proprietary rights; manage the future expansion or adaptation of its network to remain competitive; 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 Level 3 EMEA Media Contact: Investors: Beatrice Martin-Vignerte Mark Stoutenberg +44 (0) 330 060 7342 +1 720-888-2518 Beatrice.Martin-Vignerte@Level3.com Mark.Stoutenberg@Level3.com Monaco Telecoms Media Contact: Agnes Segala Tel. : +377 99 66 34 97 email@example.com www.monaco.mc U.S. Media Contact: Monica Martinez +1 720-888-3991 Monica.Martinez@Level3.com
SOURCE Level 3 Communications, Inc.