Level 3 Communications Inc. (NASDAQ:LVLT) yesterday signed an agreement with INTERNEXA to expand its content delivery network services to Colombia, Ecuador, Venezuela and Peru, which offered enough steam to boost the company up nearly 3% in todays trading.

INTERNEXA has telecommunication infrastructure connectivity with more than 18,000 kilometers of fiber-optic network across seven countries in South America.This agreement will help both the companies to provide improved international IP content services to their customers. By using level 3’s content delivery network and INTERNEXA’s expansive in-region network, both the companies are expected to provide rich media,requiring reduced bandwidth to more efficiently access and deliver reliable, fast-loading rich content, like video, online games, software, music and other media to their end users in South America.

“We’re effectively building the next generation of Internet in South America. A large amount of the data demand in South America is for content that originates in North America, which is why we’re combining forces with Level 3 and their impressive CDN to deliver a high-quality IP Transit service. We’re making it possible to provide this content directly from our region over our network,”  Genaro García Domínguez, CEO of INTERNEXA stated in the press release.

The company also signed an agreement with TSI to provide a package of voice services as well as data capabilities enabling TSI to expand its services to its regional and national customers. As per the terms of the agreement, Level 3 will provide TSI with voice termination, private line, direct Internet access, IP toll-free and enterprise voice services. Accordingly, TSI will help their customers leverage the Level 3’s experience of providing voice and data services by reselling these services to its customers.

Level 3 stock touched the high of $1.42 and lowest price in today’s session is $1.33. The stock is currently trading above its 50-day and 200-day moving average of $1.29 and $1.10, indicating bullish sentiment.

The company stock has traded in the range of $0.83 and $1.77 during the past 52 weeks. The company’s market cap is $2.34 billion.

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