Level 3 and Cogent Reach Agreement on Equitable Peering Terms
28 10월 2005 - 9:00PM
PR Newswire (US)
BROOMFIELD, Colo. and WASHINGTON, Oct. 28 /PRNewswire-FirstCall/ --
Level 3 Communications (NASDAQ:LVLT) and Cogent Communications
(AMEX:COI) today announced that the companies have agreed on terms
to continue to exchange Internet traffic under a modified version
of their original peering agreement. The modified peering
arrangement allows for the continued exchange of traffic between
the two companies' networks, and includes commitments from each
party with respect to the characteristics and volume of traffic to
be exchanged. Under the terms of the agreement, the companies have
agreed to the settlement-free exchange of traffic subject to
specific payments if certain obligations are not met. The modified
arrangement is designed to mitigate any impact to customers'
Internet connectivity as it sets forth an agreed process to protect
customers upon the expiration of the peering relationship, or upon
violations of the agreement that are not remedied in accordance
with the revised agreement. Those protections include advance
written notice to the customers of each party upon termination of
the agreement, as well as terms assuring the continued exchange of
traffic for a reasonable transition period. The specific terms of
the agreement are confidential. As part of today's joint
announcement, Level 3 and Cogent underscored their common view that
the implementation of their modified peering agreement, effective
immediately, serves the best interests of both companies'
customers. As a result of the agreement, Level 3 will not proceed
with disconnection on November 9, as previously announced. About
Cogent Communications Cogent Communications (AMEX:COI) is the
number one provider of Ethernet services in the United States based
on the number of ports in service as ranked by Ovum-RHK and is one
of the fastest growing Tier 1 ISPs in the world. Its facilities
based, all-optical network delivers ultra-high speed Internet
access and transport services to businesses and service providers
in major metropolitan areas. Cogent offers services across its
30,600-mile IP network spanning 12 countries located in North
America and Europe. The combination of technology, IP network
architecture and unique business model make Cogent one of the most
popular solutions for reliable, cost-effective Internet service in
the industry. Cogent offers several focused services that
complement its On-Net Internet access service including dedicated
Off-Net (T1, T3) Internet service, colocation services in 28 data
centers across North America and Europe, and Layer 2 Point-to-Point
services in every On-Net market. Cogent Communications is
headquartered at 1015 31st Street, NW, Washington, D.C. 20007. For
more information, visit http://www.cogentco.com/. Cogent
Communications can be reached in the United States at (202)
295-4200 or via email at . About Level 3 Communications Level 3
(NASDAQ:LVLT) is an international communications and information
services company. The company operates one of the largest Internet
backbones in the world, is one of the largest providers of
wholesale dial-up service to ISPs in North America and is the
primary provider of Internet connectivity for millions of broadband
subscribers, through its cable and DSL partners. The company offers
a wide range of communications services over its 23,000-mile
broadband fiber optic network including Internet Protocol (IP)
services, broadband transport and infrastructure services,
colocation services, and patented Softswitch managed modem and
voice services. Its Web address is http://www.level3.com/. The
company offers information services through its subsidiaries,
Software Spectrum and (i)Structure. For additional information,
visit their respective Web sites at
http://www.softwarespectrum.com/ and http://www.i-structure.com/.
The Level 3 logo is a registered service mark of Level 3
Communications, Inc. in the United States and/or other countries.
Services described in this press release are provided by wholly
owned subsidiaries of Level 3 Communications, Inc. Cogent
Forward-Looking Statements Information in this release may involve
expectations, beliefs, plans, intentions or strategies regarding
the future. These forward-looking statements involve risks and
uncertainties. All forward-looking statements included in this
release are based upon information available to Cogent
Communications Group, Inc. as of the date of the release, and we
assume no obligation to update any such forward-looking statement.
The statements in this release are not guarantees of future
performance and actual results could differ materially from our
current expectations. Numerous factors could cause or contribute to
such differences. Some of the factors and risks associated with our
business are discussed in Cogent's registration statements filed
with the Securities and Exchange Commission and in its other
reports filed from time to time with the SEC. Level 3
Forward-Looking Statement Some of the statements made by Level 3 in
this press release are forward-looking in nature. Actual results
may differ materially from those projected in forward-looking
statements. Level 3 believes that its primary risk factors include,
but are not limited to: developing new products and services that
meet customer demands and generate acceptable margins; increasing
the volume of traffic on Level 3's network; overcoming the softness
in the economy given its disproportionate effect on the
telecommunications industry; integrating strategic acquisitions;
attracting and retaining qualified management and other personnel;
successfully completing commercial testing of new technology and
information systems to support new products and services, including
voice transmission services; ability to meet all of the terms and
conditions of our debt obligations; overcoming Software Spectrum's
reliance on financial incentives, volume discounts and marketing
funds from software publishers; reducing downward pressure of
Software Spectrum's margins as a result of the use of volume
licensing and maintenance agreements; and reducing rate of price
compression on certain of the Company's existing transport and IP
services. 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 release
should be evaluated in light of these important factors.
DATASOURCE: Level 3 Communications CONTACT: Media, Jeff Henriksen,
+1-202-550-5493, , or Melissa Power, +1-401-454-1314, , both of
Cogent Communications; or Josh Howell, +1-720-888-2517, or Jennifer
Daumler, +1-720-888-3356, or Investors, Robin Grey,
+1-720-888-2518, or Sandra Curlander, +1-720-888-2501, all of Level
3 Communications Web site: http://www.i-structure.com/ Web site:
http://www.softwarespectrum.com/ Web site: http://www.level3.com/
http://www.cogentco.com/
Copyright
Cogent (AMEX:COI)
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Cogent (AMEX:COI)
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