Citing weak demand in Q4, Level 3 Looks to Value-Added Services

"Demand and pricing for basic optical transport and IP services remained challenging during Q4," said James Q. Crowe, CEO of Level 3 Communications. As a result, the company continues to develop and launch new, value-added transport, IP and voice services.


Level 3 Communications reported that its communications revenue for Q4 was $399 million, versus $413 million for the previous quarter. Total communications revenue for Q4 consisted of $376 million of communications services revenue and $23 million of reciprocal compensation revenue, compared to $388 million and $25 million in Q3.


Net loss for the quarter was $121 million or $0.18 per share compared to a net loss for the previous quarter of $247 million or $0.38 per share. Included in the net loss for the fourth quarter 2003 was a $37 million gain on extinguishment of debt,http://www.level3.com