Hey, Tripping, hope you had a great weekend. I don't know if you got this news or not but here it is as of this morning:
Level 3 Selected as National Provider for the Blue Cross and Blue Shield Association
BROOMFIELD, Colo., Jan 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Level 3's Broad Service Portfolio Offers Voice, Video and Data Solutions for the BCBSA and its 39 Blue Cross and Blue Shield Companies
Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that the Blue Cross and Blue Shield Association (BCBSA) has selected Level 3 to be a national provider for telecommunications services. Under the terms of the multi-year agreement, Level 3 will continue to extend its telecommunications services - including voice, video and data offerings - to all 39 Blue Cross and Blue Shield companies across the nation.
Level 3's extensive network reach combined with its broad portfolio helps address telecommunication needs for individual Blue Cross and Blue Shield companies. Level 3 will continue to provide a reliable and scalable network to further enhance efficiencies at the Blue Cross and Blue Shield companies.
The 39 Blue Cross and Blue Shield companies collectively provide healthcare coverage for more than 102 million Americans, so the need for seamless transmission of electronic health records and claims over the network is critical. With approximately 38,000 long-haul route miles and 25,000 metro route miles in North America, Level 3's fiber-optic network will continue to provide Blue Cross and Blue Shield members with maximum coverage, performance and flexibility.
"Our longstanding relationship with BCBSA and its Blue Cross and Blue Shield companies demonstrates Level 3's commitment to providing reliable and efficient network services for the healthcare industry," said Jeff Storey, president and chief operating officer for Level 3. "Specifically, Level 3's broad and deep metro reach and comprehensive service portfolio align us well with BCBSA's initiatives to create interoperable health information exchanges among providers, payers, government and consumers."
About Blue Cross and Blue Shield Association
The Blue Cross and Blue Shield Association is a national federation of 39 independent, community-based and locally operated Blue Cross and Blue Shield companies that collectively provide healthcare coverage for more than 102 million individuals - one-in-three Americans. For more information on the Blue Cross and Blue Shield Association and its member companies, please visit www.BCBS.com.
About Level 3 Communications
Level 3 Communications, Inc. (Nasdaq: LVLT) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit www.Level3.com.
Level 3 Communications, Level 3, the red 3D brackets and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service, product or company names recited herein are trademarks or service marks of their respective owners.
Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3's control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to the company's ability to: successfully integrate acquisitions; increase the volume of traffic on the network; defend intellectual property and proprietary rights; develop new products and services that meet customer demands and generate acceptable margins; successfully complete commercial testing of new technology and information systems to support new products and services; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. 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 press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE Level 3 Communications, Inc.