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Level 3 Works with China Telecom Global to Introduce Video Cloud Solution to China
BROOMFIELD, Colo., June 19, 2014 /PRNewswire/ -- Level 3 Communications, Inc. (NYSE: LVLT) today announced the expansion of Level 3's Video Cloud Services, a cloud-based solution that moves, stores and delivers broadcast and Internet video on a global scale, to China through an agreement with China Telecom (NYSE: CHA, HKSE: 728) Global Limited (CTG). The 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.
As consumption of Internet video continues to grow across multiple consumer devices, content companies increasingly require the efficient transfer of massive amounts of high-quality video content and data in a variety of formats. China represents one of the fastest growing markets for video consumption and production globally, and through the agreement with CTG, Level 3 is able to offer an efficient, secure and scalable approach to content distribution in the region.
Additionally, CTG will provide access to Level 3's Video Cloud Services for its content customers who are looking to expand their own global audience base. In connection with this agreement, CDN nodes will initially be deployed in Hong Kong, with additional expansion planned across the region.
"China is a significant emerging market for content distribution, and China Telecom is an ideal network partner to assist in efficient, high-quality content delivery across the region," said Mark Taylor, vice president of Media and IP Services for Level 3. "By working with China Telecom we are better able to support our customers' content distribution needs and continued growth within this dynamic market."
"Our content customers increasingly demand access to global CDNs and solutions that will enable them to expand their audiences and grow their businesses," saidPengcheng Fan, vice president of Product Developmentof China Telecom Global. "We are delighted that our relationship with Level 3 will enable us to address this growing demand and offer our customers a comprehensive content distribution solution."
Level 3's Video Cloud Services are a full suite of IP-based video services designed to support content delivery throughout its life cycle, from signal acquisition to delivery to viewers. Services include live Vyvx broadcast video acquisition, encoding and transcoding, global delivery via the Level 3 CDN, as well as comprehensive, self-service analytics and reporting.
For more information on Level 3's content-based solutions, visit www.level3videocloud.com.
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 over 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, Facebookand LinkedIn.
Level 3 Communications, LLC. All Rights Reserved. Level 3, Vyvx, Level 3 Communications, Level (3) andthe Level 3 Logo are either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries.Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc.
About China Telecom Global Limited
China Telecom Global Limited ("CTG") is the wholly owned international business subsidiary of China Telecom (NYSE: CHA, HKSE: 728), one of the world's largest providers of integrated telecommunication services. Headquartered in Hong Kong and leveraging China Telecom's tremendous resources within mainland China, CTG's global network platform spans Asia, Americas and the Europe, Middle East, Africa (EMEA) region, offering world-class integrated communication services to multinational businesses, telecommunication service providers and overseas Chinese consumers around the world. CTG comprehensive portfolio of Data, IP, Voice, Internet Data Centre and ICT solutions, backed by superior customer service, delivers industry-leading resilience, speed, and diversity to meet the most stringent requirements of customers, which include many Fortune Global 500 companies. CTG currently has subsidiaries and offices in 26 countries and regions around the world. For more information, please visit http://www.chinatelecomglobal.com/.
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.
Jon Paul McLeary
SOURCE Level 3 Communications, Inc.
Copyright 2014 PR Newswire. All Rights Reserved
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