SOURCE: The Bedford Report

The Bedford Report

November 24, 2010 11:25 ET

Netflix/Level 3 Deal Underscores Communication Service Trends

The Bedford Report Provides Analyst Research on Level 3 Communications & Vonage

NEW YORK, NY--(Marketwire - November 24, 2010) - Smaller diversified communications companies have been attracting more attention than usual this month after Level 3 Communications announced that it won a prestigious contract to provide video- streaming and storage services to the popular online movie rental company, Netflix. The deal highlights a shift in demand to the data segment of diversified communications companies. The Bedford Report examines the outlook for companies in the Diversified Communication Services Industry and provides research reports on Level 3 Communications Inc. (NASDAQ: LVLT) and Vonage Holdings Corp. (NYSE: VG). Access to the full company reports can be found at:

Companies in the diversified communication services industry typically provide a range of voice, IP and data services. Level 3 Communications' leading position as an IP Upstream carrier was a primary reason the company was selected to be a primary content delivery network (CDN) for Netflix's fast-growing streaming service. Level 3 says it will double its storage capacity to help accommodate the new contract.

The Bedford Report releases regular market updates on the diversified communication services Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

In the most recent quarter Level 3 posted a loss of $163 million, or 10 cents a share. The company ended the most recent quarter with over $6.5 billion in debt.

Level 3's industry peer, Vonage, has also struggled with debt since the recession. When the company released third quarter earnings earlier this month the company announced a debt restructuring plan where it will replace its $194 million in existing debt with a term loan facility at an interest rate less than half of the blended rate on the current debt.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

Contact Information