Level 3 Communications
 |
|
| Public | |
| Traded as | : LVLT S&P 500 Component |
| Industry | Telecom |
| Founded | 1985 |
| Headquarters | Broomfield, Colorado, United States |
|
Key people
|
Jeff Storey (CEO) Sunit Patel (CFO) Anthony Christie (CMO) Atilla Tinic (CIO) Andrew Dugan (CTO) |
| Products | Mobile telephony, Internet services, Content delivery |
| Revenue |
 US$ 8.3 billion (2015) |
|
US$ 1.3 billion (2015) |
|
|
US$3.4 billion (2015) |
|
| Total assets |
US$24.1 billion (2015) |
| Total equity |
US$10.1 billion (2015) |
|
Number of employees
|
13,500 |
| Website | www.level3.com |
| Primary ASN | 3356 |
|---|---|
| Traffic Levels | 3 Tbit/s+ |
Level 3 Communications is an American multinational telecommunications and Internet service provider company headquartered in Broomfield, Colorado.
It operates a Tier 1 network. The company provides core transport, IP, voice, video, and content delivery for medium-to-large Internet carriers in North America, Latin America, Europe, and selected cities in Asia. Level 3 is also the largest competitive local exchange carrier (CLEC) and the 3rd largest provider of fiber-optic internet access (based on coverage) in the United States.
On October 31, 2016, CenturyLink announced an agreement to acquire Level 3 Communications in a cash and stock transaction.
In 1985, Peter Kiewit Sons' Inc created a subsidiary named Kiewit Diversified Group to manage the corporation's business that was not related to construction. The division was spun off as a separate entity and changed its name to Level 3 Communications in 1998 to signify an increased focus on communication services. That same year saw it make an IPO on NASDAQ. According to Level3's own history, it continued to build its telecommunications network after going public.
According to Level3's own history, in 2003, the company acquired Genuity, and, between 2005 and 2007, it purchased several other companies including former rivals WilTel Communications, Broadwing Corporation, Looking Glass Networks, Progress Telecom, and Telcove (formerly Adelphia Business Solutions). In 2004, Level 3 acquired ICG Communications' wholesale dial-up business for $35 million. Then, in 2006, Level 3 purchased the rest of ICG Communications for $163 million, taking over ICG's fiber network and nationwide Points of Presence (PoPs). It then integrated these companies through 2010.
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