RealTime IT News

Level 3, Swap Services

Level 3 Communications Inc. and Thursday inked a five-year deal which will give the Internet broadcaster cheaper bandwidth.

Under the terms of the agreement, will use Level 3's IP network to deliver its audio and video content to the masses at reduced fees. In return, Level 3 will use to send its corporate announcements over the Internet

"Through our relationship with Level 3 Communications, we will gain access to the first end-to-end IP-based fiber network in the world. Together we will take Internet broadcasting to the next level, as we can deliver high-quality broadband content at increased bit rates to mass, scalable audiences," said Todd Wagner, chief executive officer of

The companies also expect similar deals in the future, particularly in the areas of multicasting products, broadband video content delivery, and more streaming media services.'s business service provides live and on-demand audio and video solutions for various corporate communications applications, including seminars, product launches, distance learning, annual shareholder meetings and quarterly earnings calls. was purchased by Yahoo! for $5.7 billion in April.

Level 3 Communications, Inc., is a communications and information services company which is building the first international network optimized for IP technology. The firm launched services in Europe in the first quarter this year.