Yahoo Finance

Level 3 Communications and Monaco Telecom have announced the signing of a strategic agreement that will connect the Principality of Monaco to Level 3's global Internet backbone network. As a result, Monaco Telecom will meet increased enterprise and consumer demand for more reliable and secure connectivity to some of the largest capital cities of Europe, Latin America, Asia and the United States. The signing of this agreement will enable Level 3 to operate a point of presence in Monaco and enable Monaco Telecom's enterprise customers to use the Level 3 global network to link all of their sites both within the Principality and across the world in a secure and scalable manner without connection speed limitations.