BOGOTA, Colombia, March 18, 2014 /PRNewswire/ -- Level 3 Communications, Inc. (NYSE: LVLT), today announced the construction of a new undersea cable, connecting Colombia to its international network. The terrestrial segment of the cable in Colombia is being constructed in conjunction with EMCALI (Empresas Municipales de Cali), a state-owned utilities services company in Cali, Colombia. This new infrastructure greatly improves the access to and efficiency of communications services for the country.
The new subsea route ensures that Colombia's International connectivity will be enhanced by the addition of a Pacific submarine cable connecting Colombia and removing the reliance on traditional connectivity via the Caribbean Coast. Level 3's new submarine cable will create an efficient alternative route to meet the country's increasing demand for reliable and secure communications services using a new and unique landing point. Consequently, Cali will be in a position to become a development hub for the region being an inland city with direct international connectivity via the new undersea cable.
"Level 3 has been continually enhancing its network and services in Colombia to offer optimal solutions to our customers. This new Pacific subsea cable, in tandem with management from an experienced carrier such as EMCALI, should result in meaningful benefits for the country," said Hector Alonso, regional president of Latin America for Level 3.
"Our collaboration with Level 3 on this project fits perfectly into our strategic regional plan and focuses resources on each company's core business. Additionally, the importance of the U.S.-Colombia FTA (Free Trade Agreement) and the Pacific Alliance make EMCALI the ideal partner to join with Level 3 on this project, highlighting EMCALI as a leader in providing telecommunications services for the region and countrywide," said Oscar Pardo, managing director of Emcali.
As part of its partnership with Level 3, EMCALI will use capacity over Level 3's undersea cable network to connect the country directly from Cali to major cities in the Americas, such as, New York, Los Angeles, Mexico City, Santiago de Chile, Buenos Aires and Sao Paulo. The new route also provides enhanced connectivity to cities in Asia and Europe as well as an infrastructure platform for other telecommunications industry projects and initiatives, such as the Vive Digital Program, which will enable Colombia to increase the number of Internet connections through its Fiber National Project fourfold.
"We are proud to work with two major telecommunications companies to invest in the continued growth of the Colombian Pacific region and enhance the communications services for our people. We are confident that this project will increasingly benefit the industrial development of our cities, the country and the region as a whole," added Rodrigo Guerrero, Mayor of Cali.
Level 3 operates a wide global platform anchored by owned fiber networks on three continents, in more than 60 countries and connected by extensive undersea facilities. The company owns over 170,000 kilometers (km) of intercity routes (110,000 miles); 58,000 km of metro routes (36,000 miles); 53,000 km (33,000 miles) of undersea routes with over 500 on-net markets.
For more information on Level 3's advanced network and service offerings, visit www.level3.com.
Empresas Municipales de Cali (EMCALI) is a state-owned utilities services company providing Electricity, Aqueduct, Sewage, and Telecommunications services (TV, land-line; and Internet Access) to the cities of Cali, Yumbo, Jamundí and Palmira at the Valle del Cauca District. The company has approximately 550,000 customers for Aqueduct and Sewage services, more than 600,000 in the Regulated Energy Market; and more than 350,000 for fixed line telephony, with a team of approximately 2,400 employees. For more information, visit www.emcali.com.co
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. For more information, please visit www.level3.com or get to know us on Twitter, Facebook and LinkedIn.
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.
The information contained under the caption "About EMCALI" has been provided by EMCALI, which is solely responsible for its content.
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: 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.
SOURCE Level 3 Communications, Inc.