- Sector
- Communication Services
- Industry
- Telecommunications Services
- Address
- United States of America
- IPO Date
- Mar 31, 1998
- Business
- Level 3 Communications, Inc. (NYSE: LVLT) provides integrated communications network services, including Internet protocol and data transmission, core transport, voice, video, content delivery, Ethernet, VPN, managed security, cloud solutions, and colocation to enterprise, wholesale, government, and carrier customers. The company operates a Tier 1 global network spanning North America, Latin America, Europe, and parts of Asia, with extensive fiber infrastructure connecting over 160,000 on-net buildings and 400,000 route miles of fiber optic cable across six continents. Founded in 1985 as a subsidiary of Peter Kiewit Sons' Inc. and renamed in 1998, Level 3 is headquartered in Broomfield, Colorado. In its most significant recent development, Level 3 was acquired by CenturyLink (now Lumen Technologies) in a $34 billion cash-and-stock transaction completed on November 1, 2017, integrating its assets into Lumen's operations while requiring divestitures of certain fiber routes and metro Ethernet markets to meet antitrust conditions. Prior integrations include the 2011 acquisition of Global Crossing, enhancing global reach; the 2014 purchase of tw telecom for $5.7 billion, bolstering Ethernet services; and earlier deals like Broadwing and WilTel. Level 3's services encompass high-bandwidth optical wavelength networks, DDoS mitigation, unified communications, wireless backhaul, time division multiplexing voice, and content delivery networks, positioning it as a key facilities-based provider in competitive local exchange and fiber-optic access markets.