Key Developments: Level 3 Communications Inc (LVLT.K)

LVLT.K on New York Consolidated

10 Jul 2014
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Latest Key Developments (Source: Significant Developments)

First Quantum Minerals connects global mining locations using Level 3 Communications Inc
Tuesday, 24 Jun 2014 07:00am EDT 

Level 3 Communications Inc:Says it is providing First Quantum Minerals Limited (FQML), international metals and mining company, with global network that is enabling cost-effective and reliable communications for its key mining sites across the world.Through combination of latest fixed-line and satellite technology, and partner network in region, Level 3 is connecting global MPLS to FQML's mines in remote areas of Africa and South America.This network supports use of data-intensive applications and provides on-site staff with critical business applications, as well as high-bandwidth Internet connectivity.  Full Article

Level 3 Communications works with China Telecom Global to introduce video cloud solution to China
Thursday, 19 Jun 2014 07:00am EDT 

Level 3 Communications Inc:Says expansion of Level 3's Video Cloud Services to China through an agreement with China Telecom Global Limited.Agreement enables Level 3's content customers to access China's diverse consumer market while also allowing CTG's content customers to distribute content and media services globally.  Full Article

Level 3 to announces agreement to acquire tw telecom
Monday, 16 Jun 2014 07:30am EDT 

Level 3 Communications Inc and tw telecom:Enters into definitive agreement, whereby Level 3 will acquire tw telecom in a stock-and-cash transaction valued at $40.86 per share based on market close as of June 13.Tw telecom stockholders will receive $10 cash and 0.7 shares of Level 3 common stock for each share of tw telecom common stock that is owned at closing.Citi and BofA Merrill Lynch acted as financial advisors to Level 3. Rothschild provided a fairness opinion.Willkie Farr & Gallagher LLP acted as legal counsel to Level 3.Evercore acted as financial advisor to tw telecom and provided an opinion with respect to the fairness of the transaction.Wachtell, Lipton, Rosen & Katz acted as legal counsel to tw telecom.Credit Suisse Securities (USA) LLC acted as financial advisor to ST Telemedia.  Full Article

Level 3 Communications Inc reaffirms FY 2014 EBITDA outlook - Conference Call
Thursday, 12 Jun 2014 04:30pm EDT 

Level 3 Communications Inc:Expects EBITDA for FY 2014 to be grow in the neighborhood of 14 pct to 18 pct.Reported EBITDA of $1.624 bln in FY 2013.  Full Article

MiCTA selects Level 3 as a national vendor for telecommunications
Wednesday, 28 May 2014 09:00am EDT 

Level 3 Communications Inc:Being selected as an approved national vendor for telecommunications, VoIP, IP, cloud and data center services.Master Service Agreement streamlines the purchasing process for MiCTA members and enables them to purchase Level 3's telecommunications and network services cost effectively.  Full Article

Level 3 communications announces appointment of Chairman
Friday, 23 May 2014 08:00am EDT 

Level 3 Communications Inc:Appoints James O. Ellis, Jr. as Chairman of the Board on May 22.Ellis succeeds Walter Scott, Jr.  Full Article

Game Developer Nival in Prime Position for International Growth Using Level 3 Communications Inc
Thursday, 8 May 2014 07:00am EDT 

Level 3 Communications Inc:Selected by Russian game developer Nival to improve experience of its role-playing and strategy games, including Prime World and Blitzkrieg, as company expands globally.  Full Article

Level 3 Communications Inc raises FY 2014 EBITDA outlook
Wednesday, 30 Apr 2014 08:00am EDT 

Level 3 Communications Inc:Updates FY 2014 outlook.Expects FY 2014 adjusted EBITDA to grow 14 pct. to 18 pct. compared to its prior outlook of 11 pct. to 14 pct.Reported EBITDA of $1.624 bln in FY 2013.FY 2014 EBITDA of $1.781 bln - Thomson Reuters I/B/E/S.  Full Article

Level 3 Commounications Inc receives contract from Northrop Grumman corp
Tuesday, 11 Mar 2014 09:00am EDT 

Level 3 Commounications Inc:Says Northrop Grumman Corp selected the company to deliver network services as part of the defense contractor's multi-million dollar agreement with the U.S. Air Force to support their distributed simulation training network.  Full Article

Level 3 Communications Inc announces strategic relationship with Microsoft Corp to deliver cloud services for global enterprises
Thursday, 20 Feb 2014 09:00am EST 

Level 3 Communications Inc:Says a strategic relationship with Microsoft Corp. to deliver private, direct network connections to Microsoft Windows Azure as part of the Level 3 Cloud Connect Solutions partner ecosystem.Says together, level 3 cloud connect solutions and windows azure bypass the public Internet to provide a network for global enterprises to benefit from the efficiencies of the cloud and drive business growth.  Full Article

Fitch Releases 1Q'14 U.S. Telecom & Cable Stats Quarterly Report

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: U.S. Telecom and Cable Stats Quarterly (First-Quarter 2014) CHICAGO, June 30 (Fitch) Level 3 Communications, Inc.'s (LVLT) merger with TW Telecom, Inc. increases LVLT's scale and focus on high margin enterprise account revenues while increasing the company's overall competitive position and ability to capture incremental mar

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