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Company: Level 3 Communications (LVLT)
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  Potential Google acquisition target

Rumor Mill: It has been rumored that Google is looking into the purchase of their own "internet backbone." If this is the case, LVLT will fit the bill. It should be noted that Google buys business in which it wants to get into as opposed to starting from scratch. LVLT has also been acquiring different companies, thus making it more attractive.

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  Blue Cross Blue Shield Chooses Level 3

Blue Cross Blue Shield Chooses Level 3 January 19th, 2009 by Rob Powell · No Comments Internet backbone operator Level 3 Communications (LVLT: chart, news) today announced that they have been selected by the Blue Cross and Blue Shield Association (BCBSA) as a national provider. Level 3 will extend a wide range of services (voice, data, video) to all 39 BCBSA companies nationwide, taking full advantage of its metro and longhaul footprint. The exchange of medical data is sure to be one of the big growth areas in networking over the next decade, and this positions them well to take advantage of it.

It appears that the BCBSA was an existing customer of Level 3, but that this contract expands that relationship substantially. A nice national corporate contract like this certainly can’t hurt Level 3’s attempts to restart its growth engine after the past two years and the recent economic storm. This is the sort of contract that usually went to an AT&T or Verizon or Sprint in the past, and it is the kind that Level 3 was built to win but hasn’t yet won enough of.

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  Netflix Inks Deal with Level 3 for Streaming Services

It's gonna be a barn burner.

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