MONACO and LONDON, June 20, 2013 – Level 3 Communications, Inc. (NYSE: LVLT) and Monaco Telecom have announced the signing of a strategic agreement that will connect the Principality of Monaco to Level 3’s global Internet backbone network.
As a result, Monaco Telecom will meet increased enterprise and consumer demand for more reliable and secure connectivity to some of the largest capital cities of Europe, Latin America, Asia and the United States.
The signing of this agreement will enable Level 3 to operate a point of presence (PoP) in Monaco and enable Monaco Telecom’s enterprise customers to use the Level 3 global network to link all of their sites both within the Principality and across the world in a secure and scalable manner without connection speed limitations.
Level 3’s redundant infrastructures will be connected in the Principality with direct access to the EIG (Europe India Gateway) submarine cable. This cable, which was deployed in Monegasque territorial waters in October 2009, connects Europe to India, via the Middle East, with access to East Africa. As a result, connection capabilities between Monaco and the rest of the world have increased eightfold in a single year (April 2011 – April 2012).
“I am extremely pleased that Level 3 Communications and Monaco Telecom have joined forces to offer EIG cable and Monaco Telecom customers access to one of the most connected IP networks,” said Martin Peronnet, CEO of Monaco Telecom. “This new agreement reflects the ever-growing demand for high-speed Internet services and business networks. This is why Monaco Telecom has equipped itself with all of the essential elements, global reach and capabilities needed to make it a major asset in the Principality and to further the development of companies in Monaco.”
“Our international customers based in Africa, the Middle East and Asia already enjoy a direct connection to Level 3 Communications’ global network through our extensive submarine cable network,” adds James Heard, Level 3 regional president of EMEA. “This agreement with Monaco Telecom adds to Level 3’s direct connectivity services through the EIG cable in these fast-growing markets.”
For more information on Level 3’s advanced network and service offerings, visit www.level3.com.
About Monaco Telecom
Monaco Telecom provides mobile and fixed network telephony, Internet and television in the Principality. As a Cloud infrastructure operator in the Principality, Monaco Telecom offers tailored support to businesses and IT players, thanks to a powerful and secure international network and a Europe–India-Gateway submarine cable landing point, connecting Europe to Asia. Internationally, Monaco Telecom has successfully partnered with mobile telecommunications companies in Kosovo and Afghanistan to provide support for network operations and infrastructure (GSM, data, international voice communication, traffic management and roaming). Monaco Telecom currently has 282 employees and had achieved sales of € 206 million as of March 31, 2012. For further information, please visit the site www.monaco.mc.
The information contained under the caption “About Monaco Telecom” has been provided by Monaco Telecom, which is solely responsible for its content.
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 55 countries over a global services platform anchored by owned fiber networks on three continents and connected by extensive undersea facilities. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc. For more information, visit www.level3.com.
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