Level 3 won yet another European gaming company's CDN business, announcing Frogster as a customer. No, not the Frogstar from the Hitchhiker's Guide lore, which was widely held to be the most totally evil place in the Galaxy. And not the classic Frogger video game either, which is a good thing since I never liked it anyway. Based in Germany and publicly traded in Frankfurt, Frogster operates two massively multiplayer online games, Runes of Magic and Bounty Bay Online, and has two more in the works, TERA and Mythos. They claim some six million users worldwide. I can never figure out who has time for these things, though I wish I did.
For its part, Level 3 will be providing caching and download for those online titles, improving the online experience. Level 3 has had lots of luck when it comes to winning pure CDN business with European-based gaming companies. After the Global Crossing deal closes, that competitive position will likely become even stronger due to the additional international reach. Level 3's stock price touched 2 again on Friday, something the company's shareholders haven't seen in a long, long time. The market appears to be doing the math on the Global Crossing deal, and is liking what it sees.
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