Google, Level 3 Ink Payment-Free Interconnection Pact Based on 'Bit Mile Balance'
Google and Level 3 signed a settlement-free multiyear interconnection agreement for their global backbone networks, the companies said in a news release Friday. Seeking "bit mile balance," the companies "commit to carrying equitable amounts of bit miles," factoring in both…
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traffic amounts and the distance traveled over each network, they said, noting either side can improve its balance by delivering traffic to the other network closer to its end users. The accord also will facilitate growth in interconnection locations, they said. In a note to investors, Wells Fargo analysts said Level 3 had entered into interconnection pacts with AT&T, Comcast, Telefonica and Verizon in 2015. "We view this announcement as an incremental positive for LVLT," they said, referring to Level 3's stock symbol. "We continue to believe Google is an important and growing customer for LVLT in many facets of its business (IP transport, fiber, data center and cloud connectivity, among others)."