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Level 3 Issues Statement
Jul 11, 2013 (12:07 PM EDT)
BROOMFIELD, Colo., July 11, 2013 /PRNewswire/ -- Recent media attention has focused on a 2003 "network security agreement" between Global Crossing and "Team Telecom" – a collection of U.S. government agencies that includes the Department of Defense and the Department of Homeland Security. Many of these reports leap to conclusions that are factually incorrect.
The 2003 agreement between Global Crossing and Team Telecom was terminated in 2011 as a result of Level 3's acquisition of Global Crossing. In September 2011, shortly before the closing of the Global Crossing acquisition, Level 3 signed a new agreement with the Team Telecom agencies. That agreement is publicly available on the FCC's website here.
There is no provision in the terminated or existing network security agreement that permits the U.S. government to compel Level 3, or require Level 3 in any way, to cooperate in unauthorized surveillance on U.S. or foreign soil. Our 2011 network security agreement largely addresses the security of Level 3's U.S.-based communications assets. That agreement also requires us to comply with "Lawful U.S. Process," reiterating our obligations under applicable law.
Level 3 does business in more than 55 countries in North America, EMEA, Latin America and Asia. All of the countries where we deliver services have law enforcement and security concerns, and we are periodically compelled by government authorities to assist in their investigations. Our policy is the same everywhere. We comply with applicable local law while taking all reasonable steps to protect our customers' privacy. In general, jurisdictions that seek assistance in law enforcement or security investigations prohibit disclosure of the assistance provided.
For more information on Level 3's advanced network and service offerings, visit www.level3.com.
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. For more information, please visit www.level3.com
© Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3 Communications, Level (3) and the Level 3 Logo either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc.
Website Access to Company Information
Level 3 maintains a corporate website at www.level3.com, and you can find additional information about the company through the Investors pages on that website at http://investors.level3.com/investor-relations/default.aspx. Level 3 uses its website as a channel of distribution of important information about the company. Level 3 routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investor Relations web pages.
Visitors to the Investors Relations web pages can view and print copies of Level 3's SEC filings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with the SEC.
Copies of the charters for each of the Audit, Compensation and Nominating and Governance committees of Level 3's Board of Directors, its Corporate Governance Guidelines, Code of Ethics, press releases and analysts and investor conference presentations are all available through the Investor Relations web pages.
Please note that the information contained on any of Level 3's web sites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference in that document.
Some statements made in this press release are forward-looking in nature and 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. 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 the Global Crossing acquisition or otherwise realize the anticipated benefits thereof; manage risks associated with continued uncertainty in the global economy; maintain and increase traffic on its network; develop and maintain effective business support systems; manage system and network failures or disruptions; avert the breach of its network and computer system security measures; develop new services that meet customer demands and generate acceptable margins; defend intellectual property and proprietary rights; manage the future expansion or adaptation of its network to remain competitive; manage continued or accelerated decreases in market pricing for communications services; obtain capacity for its network from other providers and interconnect its network with other networks on favorable terms; attract and retain qualified management and other personnel; successfully integrate future acquisitions; effectively manage political, legal, regulatory, foreign currency and other risks it is exposed to due to its substantial international operations; mitigate its exposure to contingent liabilities; and meet all of the terms and conditions of its 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.