Broomfileld, Colorado – (The Hosting News) – January 11, 2008 – Colocation, VoIP, and Internet backbone company, Level 3 Communications’ CEO, James Q. Crowe, recently participated in the Citigroup 2008 Global Entertainment, Media and Telecommunications Conference.
The conference featured leading companies in the Technology, Media and Telecom industries to provide first-hand insight into corporate strategy, competitive positioning, financial results and growth objectives and included Q and A periods.
Citigroup Inc. is a financial services company, with over 200 million customer accounts in more than 100 countries. Its history dates back to the founding of Citibank in 1812, Bank Handlowy in 1870, Smith Barney in 1873, Banamex in 1884, and Salomon Brothers in 1910. Other major brand names under Citigroup’s trademark red umbrella include Citi Cards, CitiFinancial, CitiMortgage, CitiInsurance, Primerica, Diners Club, The Citigroup Private Bank, and CitiCapital. Citigroup History The Citigroup timeline (1998-present) represents major events since Citicorp and Travelers merged in 1998. The global presence chart provides information about the establishment of Citigroup and its predecessors in the countries and territories where we do business.
Recently, Level 3 expanded its global content delivery portfolio to include streaming services. Formerly in beta, Level 3’s streaming service is being launched today on one of the worldâ€™s largest and most connected IP networks. According to the company, third party research firms rank Level 3’s network number one in terms of connectivity, based on the Level 3 network having the fewest average hops or connections to any given IP address in the world. When combined with Level 3’s direct Internet connectivity to the largest broadband providers in North America, Level 3 facilitates the shortest route to 75 percent of ”eyeballs” in the United States.
Level 3 had already deployed 700 Gbps of CDN capacity. Capacity is expected to exceed one terabit per second by the end of the first quarter of 2008, less than one year after launching CDN services. Industry-leading connectivity and significant deployed capacity provide streaming customers with a robust streaming solution that efficiently delivers content worldwide in multiple formats with varied streaming rates. Level 3 plans to complete the full integration of the video management platform it acquired as part of its acquisition of Servecast in the first quarter of 2008.
Level 3’s streaming services enables content providers to distribute rich media content from a global network of streaming servers. The deployment of these streaming servers enables content providers to reach millions of users worldwide with Level 3’s portfolio of services. Level 3 helps its streaming customers to provide end users with a dependable and refined video experience. Level 3 plans to support all of the leading streaming media formats for live and on-demand viewing including Microsoft Windows MediaTM, video for Adobe FlashTM Player, Real Player TM, QuickTime, and the Move Media Player.
Consistent with its previously determined pricing strategy for its caching and downloading services, Level 3 has aligned its prices for streaming services with its prices for high-speed Internet access. The unit price of High-speed Internet access, Caching and Downloading, and Streaming Delivery are the same. There will be additional charges for certain player formats due to their licensing arrangements, except for Windows Media Format, which has no additional charges. Furthermore, there will be no premium charges for bursts or large file sizes for any of the streaming formats â€“ an industry first.
Level 3’s comprehensive content delivery portfolio provides a full suite of services to its customers. From the acquisition of HD programming and live events on the Vyvx Broadcast Services platform to the streaming of that content in HD to display screens around the world, Level 3 can provide solutions for virtually every element in the HD supply chain. From camera to display, Level 3 enables its customers to distribute and monetize their digital assets. Major television networks, top advertising agencies, 8 of the top 10 most visited Web sites, top movie studios, and many of the biggest social networking sites all trust Level 3 with their business.
Citigroup Inc. (NYSE:C) recently reported net income for the 2006 fourth quarter of $5.13 billion, or $1.03 per share. Results include previously disclosed charges of $415 million after-tax in Japan consumer finance to increase reserves and reposition the business. Return on common equity was 17.2%. For the full year 2006, net income was $21.54 billion, or $4.31 per share, and return on common equity was 18.8%.
Level 3 Communications, Inc., an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. The services are designed to provide building blocks that enable Level 3’s customers to meet growing demands for advanced communications solutions.The principal components offered by Level 3’s (3)VoIP Enhanced Local service include network trunking, local telephone numbers, local number portability, the safety of E-911, operator assistance, caller ID, directory listings, and directory assistance. The service is designed to allow Level 3 customers to retain the flexibility to manage and control end-user features without the difficulties of implementing complex interconnection arrangements.
For more information about Level 3, please visit: www.level3.com.