SOURCE: The Bedford Report

The Bedford Report

April 27, 2011 08:16 ET

Level 3 and Akamai Turn to the Cloud to Boost Revenues

The Bedford Report Provides Analyst Research on Level 3 Communications & Akamai Technologies

NEW YORK, NY--(Marketwire - Apr 27, 2011) - In the last year companies within the content delivery sector are becoming more relevant as the internet world rapidly expands and data intensive websites like or Netflix become increasingly popular. A shift in demand to the data segment of diversified communications companies has taken place. Large companies are exceeding their data capacities, and the need for a third party 'host' has become necessary. The Bedford Report examines the outlook for companies in the Technology Sector and provides research reports on Level 3 Communications, Inc. (NASDAQ: LVLT) and Akamai Technologies, Inc. (NASDAQ: AKAM). Access to the full company reports can be found at:

Competition is fierce is the content delivery sector and several companies have made steps towards significant deals in recent months in order to strengthen market share.

Level 3 Communications offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. The company made significant headlines earlier this month when it said that it is buying Global Crossing Ltd. for $2 billion. The purchase of Global Crossing brings Level 3 several new businesses, including "cloud computing" services, which deliver software, data storage and other services over the Internet. The combined company's reach would extend to 70 countries on three continents.

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Also focusing on the cloud, IBM announced earlier this month that it has partnered with Akamai to roll out a new line of products designed to provide enterprises with faster access to Web and cloud-based apps. IBM said the solution is part of a multi-phase initiative that integrates its technology with Akamai Technologies' application delivery network.

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