MUMBAI: Comcast and Level 3 Communications have reached a new multi-year, bilateral interconnection agreement as part of a multifaceted arrangement that will help both companies meet their customers’ needs into the next decade and beyond.

The new arrangement builds on the strong working relationship between Comcast and Level 3, and expands on the agreements already in place between the two companies.

“We are delighted to strengthen our relationship with Level 3. Today’s announcement reflects the important ways in which network participants exchange value in an innovative marketplace. We place great value on our relationships with network partners like Level 3 and are continually seeking mutually beneficial, market-driven agreements that enhance value throughout the network,” said Comcast Cable chief network officer John Schanz.

“We believe the agreement will benefit Level 3’s and Comcast’s customers for years to come. Our companies share the goal of enabling a growing, secure and resilient interconnection environment,” said Level 3 chief technology officer Jack Waters.

Under the terms of the agreement, Comcast and Level 3 will enhance their existing network capacity while extending their mutual interconnection agreements, ensuring that both maintain ample capacity to exchange Internet traffic between their networks. The agreement covers both companies’ existing networks as well as any expansion that may occur during the term of the agreement.