Level 3 eyeing stimulus funding

Not all large national telecom carriers are backing away from applying for broadband stimulus money as Qwest did last week. Level 3 Communications (NASDAQ: LVLT) will participate in the applying for the first round of stimulus funding, the deadline for which was extended to this week.

Edward Morche, senior vice president of the Federal Markets Group for Level 3 Communications, said last week that his company would partner with cable companies, LECs, wireless providers or state and local governments in seeking to offer broadband access in unserved and underserved areas, building off its national network...