Level 3, MySpace sign online content deal

US fiber network operator Level 3 Communications has signed a multi-year agreement to transmit Internet content, including video, for the popular social networking site MySpace.com, according to an Associated Press report.

Level 3, which offered Internet capacity in 82 markets, would initially support MySpace in some markets, the company said in a statement.

"We selected Level 3 because of the proven performance of its network and Level 3's ability to support increasing high bandwidth demand," Aber Whitcomb, CTO of MySpace, said in a joint statement issued by Level 3.

MySpace's video site had 20 million visitors last month, trailing Yahoo's site, which had 21 million, according to comScore Media Metrix.

The Associated Press report said last month that MySpace.com was the seventh most visited site online with 43.5 million visitors, according to media-research company Nielsen/NetRatings.

The report said Level 3, which reported a loss of $201 million for the quarter ending June 30, had been on a buying spree.

The firm's revenue jumped 71% over the same quarter the previous year to $819 million from $371 million, partly due to its acquisition of WilTel Communications, ICG Communications and Progress Telecom, the report said.

It closed its $1.1-billion cash-and-stock acquisition of privately held TelCove last month and expected to close its purchase of data transport services company Looking Glass this quarter, the report further said.

 

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