Level 3

Level 3

(Level 3 Communications, Broomfield, CO, www.level3.com) A telecommunications carrier and one of the world's largest Internet backbone companies founded in 1985 as Kiewit Diversified Group (KDG). KDG was a wholly owned subsidiary of Peter Kiewit Sons', Inc., a prominent construction company that was founded in 1884. In 1998, KDG changed its name to Level 3 and spun itself off as a public company. The name of the company comes from the IP protocol, which is a "layer 3" networking protocol (see layer 3).

Level 3 built a nationwide fiber network based on IP with links to Europe and Asia. It provides fiber access directly to office buildings as well as end-to-end voice and data services. With nearly USD $3 billion in capital from Peter Kiewit Sons' and expertise from many people who previously worked for MFS (created under Kiewit and later sold to WorldCom), Level 3 packed a huge wallop as a startup. Private line and colocation services were first offered in 1998. With all the meltdown of telecom companies after the turn of the century, Level 3 remained a player.

In 2002, Level 3 acquired Corporate Software and Software Spectrum, two software resellers, making it the nation's leader in software distribution. By the third quarter of 2002, software accounted for three quarters of Level 3's revenues. Although perplexing analysts, the company expects that all corporate software will be downloaded in the future. In 2003, Level 3 purchased Genuity, a company with historical connections to the builders of the original Internet (see BBN).

In 2006, five more companies were acquired in the telecom, data transport and optical network areas, including ICG Communications, Looking Glass Networks and Broadwing Corporation.
References in periodicals archive ?
Hall 10 Level 3 Stand C49###Essatex Industries###Hall 10 Level 3 Stand F36
We selected Level 3 because of the proven performance of its network and Level 3's ability to support increasing high bandwidth demand," said Aber Whitcomb, chief technology officer of MySpace.
Following the taxonomy, the thinking levels were: (a) Level 1 - Knowledge, (b) Level 2 - Comprehension, (c) Level 3 - Application, (d) Level 4 - Analysis, (e) Level 5 - Synthesis, and (f) Level 6 - Evaluation.
In the sex category, for example, users can set their system to Level 0, romance, no sex; Level 1, passionate kissing; Level 2, clothed sexual touching; Level 3, nonexplicit sexual activity; or Level 4, explicit sexual activity, sex crimes.
CHICAGO -- Fitch Ratings has assigned a 'B/RR1' rating to Level 3 Financing, Inc.
NASDAQ:BWNG) today announced that it has signed a definitive agreement to be acquired by Level 3 Communications, Inc.
CHICAGO -- Fitch views the recent announcement by Level 3 Communications, Inc.
sentitO Networks, a leading provider of intelligent voice gateway solutions for telecommunications service providers worldwide, today announced that it has been selected by Level 3 Communications (Nasdaq:LVLT) for its (3)VoIP(SM) Technology Alliance Program ("(3)VoIP TAP").
CHICAGO -- Fitch has affirmed the 'CCC' issuer default rating (IDR), along with each individual issue rating assigned to Level 3 Communications, Inc.
CHICAGO -- Fitch has assigned a 'B' rating, as well as a recovery rating of 'RR1' to new senior unsecured notes at Level 3 Financing.
the new standard for systems integration, and Level 3 Communications, today announced that Level 3 has chosen tekVizion to participate in its (3)VoIPSM Technology Alliance Program (TAP).
CHICAGO -- Fitch Ratings has affirmed the 'B-' senior secured term loan and 'CCC+' senior unsecured ratings at Level 3 Financing, Inc.