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Level 3 Communications - Company Report
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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Level 3 Communications Inc, through its operating subsidiaries, engages primarily in the communications and information services businesses. The company is a facilities-based provider of a range of integrated services. The company has created, generally by constructing its own assets, but also through a combination of purchasing and leasing facilities, the Level 3 network, which is an international, facilities-based communications network. The company has designed its network to provide communications services, which employ and leverage optical and Internet protocol (IP) technologies. At the end of 2004, Level 3's network encompassed: an intercity network covering approximately 18,800 miles in North America; leased or owned local networks in 77 North American markets; an intercity network covering around 3,600 miles across Europe; leased or owned local networks in 22 European markets; approximately five million square feet of gateway and transmission facilities in North America and Europe; and, a 1.28Tbit/s transatlantic cable system. In October 2005, Level 3 agreed to acquire WilTel Communications Group. In November 2005, Level 3 received antitrust clearance from the Federal Trade Commission (FTC) for the acquisition.
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