Press Release – 11.07.06 – Level 3 Selected by Photobucket to Provide High Capacity Network Solutions
Level 3 Selected by Photobucket to Provide High Capacity Network Solutions
Multi-Year Agreement Supports Global Growth of a Leading Personal Media Site for Image and Video Sharing
BROOMFIELD, Colo., November 7, 2006 ¾ Level 3 Communications’ Content Markets Group today announced a multi-year agreement with Photobucket to support the company’s growing online personal media sharing service. Under the terms of the agreement, Level 3 will provide Photobucket with network solutions including Level 3® High Speed IP service via Multiple 10 gigabits per second (10GigE) ports.
“With over 28 million global users and adding 80,000 new users per day, Photobucket needs a robust, reliable and highly scalable network provider,” said Darren Crystal, chief technical officer and co-founder of Photobucket. “Photobucket has worked with Level 3 since our company’s founding, and we are confident that they will continue to meet our needs.”
“Photobucket, an online personal media site that enables users to manage and share their digital lives, delivers billions of images and videos across nearly 250,000 different websites every day. An additional 7 million personal images and videos are uploaded to Photobucket.com daily. This relationship gives Photobucket direct access to Level 3’s Tier 1 global network,” continued Crystal.
“Photobucket’s needs are unique based on their significant scale and rate of growth,” said Brady Rafuse, president of Level 3 Content Markets. “We feel confident that our network will effectively support their continued success. This agreement demonstrates Level 3’s commitment to address the business needs of today’s digital media providers.”
Eight of the top-10 Internet destinations trust Level 3 to deliver network solutions. With one of the world’s largest IP backbones, Level 3 also provides reliable high capacity solutions to meet the rapidly growing demand for rich media content online. With Internet connectivity in 82 key markets, and a comprehensive suite of network services that serve as customizable building blocks, Level 3 has the scalability, performance, and service portfolio to help its customers meet their customers’ demands.
About Level 3 Communications
Level 3 Communications, Inc. (Nasdaq: LVLT), an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that 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” and the Level 3 Communications logo are registered service marks of Level 3 Communications, Inc. in the United States and/or other countries. Any other product and company names herein may be trademarks of their respective owners. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc.
Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: increasing the volume of traffic on Level 3’s network; developing new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technology and information systems to support new products and services, including voice transmission services; stabilizing or reducing the rate of price compression on certain of our communications services; integrating strategic acquisitions; attracting and retaining qualified management and other personnel; and the ability to 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 release should be evaluated in light of these important factors.