February 25, 2017 10:36 PM ET

Diversified Telecommunication Services

Company Overview of Level 3 Communications, LLC

Company Overview

Level 3 Communications LLC provides Internet services to broadband subscribers through its cable and DSL partners and wholesale dial-up services to Internet Services Provides. Level 3 Communications LLC was incorporated in 1997 and is based in Broomfield, Colorado. Level 3 Communications, LLC operates as a subsidiary of Level 3 Communications, Inc.

1025 Eldorado Boulevard

Broomfield, CO 80021

United States

Founded in 1997

Phone:

724-743-9719

Fax:

724-743-9791

Key Executives for Level 3 Communications, LLC

Chief Executive Officer
Age: 66
Executive Vice President
Age: 65
Consultant
Age: 55
Compensation as of Fiscal Year 2016.

Level 3 Communications, LLC Key Developments

Level 3 Communications, LLC Agrees to Pay More Than $8 Million to Resolve Allegations

Level 3 Communications, LLC has agreed to pay more than $8 million to resolve allegations it improperly withheld rental payments to the Massachusetts Department of Transportation (MassDOT) under an agreement that allows it to run fiber optic cables alongside state highways. The settlement agreement resolves the AG's Office's allegations that Level 3 Communications, LLC (Level 3) breached its contract with MassDOT and violated the Massachusetts False Claims Act by concealing the amount it owed the state agency and knowingly avoiding its annual rent obligations. In 2000, MassDOT and Level 3 entered into a 30-year agreement in which Level 3 agreed to pay MassDOT annual rent in exchange for the right to install and maintain conduits to run fiber optic cables alongside several Massachusetts highways. Pursuant to the contract between the parties, Level 3's annual rent obligation is based on, among other things, the number and length of fiber optic cables it installed and is subject to potential offset for certain in-kind benefits to MassDOT. Level 3 is also required to provide MassDOT annual certifications reflecting the number of fiber optic cables it installed in the conduits. According to the AG's Office, after several years of payment, Level 3 ceased making payments, claiming it had failed to take the offsets to which it was entitled. The AG's Office began investigating this matter after it was referred by MassDOT in 2014. The AG's Office alleges that in 2006, when payments to MassDOT should have resumed, Level 3 allegedly ignored multiple inquiries from MassDOT about the outstanding rent and failed to provide MassDOT with the required annual fiber optic cable certifications. Under the terms of this settlement, Level 3 will immediately pay $7 million to the Commonwealth, of which more than $4.3 million in contract damages will be paid to MassDOT and $2.7 million will be paid to resolve the AG's Massachusetts False Claims Act allegations. Level 3 will also pay an additional $1.2 million in contract damages to MassDOT over the next four years of the agreement and will resume making annual rent payments due under the contract. This matter was handled by Assistant Attorney General Julia Bell Andrus and Division Chief Gillian Feiner, with assistance from Assistant Attorney General Jenny Wojewoda, Attorney Meghan MacKenzie and Paralegal Krista Roche, all of the AG's False Claims Division, Juliana Rice and Jim Sweeney of the AG's Government Bureau, Kristen Salera of the AG's Investigations Division and members of MassDOT's Real Estate and Development and Legal offices.

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Recent Private Companies Transactions

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