This article examines the past and future growth of the internet and how the future could be the catalyst Level 3 Communications (NASDAQ:LVLT) was built for along with an evaluation of LVLT.
When LVLT network was constructed around 2000-2001 it built the world's most advanced communications platform. It is the first network to be completely optimized for advanced IP (Internet Protocol) technology and the first to be fully and continuously upgradeable. Unfortunately, others had the same idea and it was becoming obvious there was a bandwidth capacity glut caused by a serious overinvestment in long-haul network capacity leading to extreme price declines that fueled bankruptcies. Why the massive build outs and investments? Internet growth was projected to