Level 3 to announce earnings on May 3rd; Fitch Ratings reveals realities of OTT video adoption

Wireline news from across the Web:

@FierceTelecom RT @TechCrunch: GroupMe's founders on how to land a job at a startup. Story | Follow @FierceTelecom

> Level 3 Communications will announce its Q1 2011 earnings on Tuesday, May 3, and will host a conference call at 10 a.m. ET. Release

> The FCC is considering giving VoIP providers special lower long-distance access charge rates. Article

> Ethernity Networks, a supplier of Carrier Grade Ethernet FPGA base Multiservice Fabric Flow Processors, has been awarded patent number 7,924,863 by the US Patent Office for a "Device and Method for Processing Data Chunks." Release

> Cobridge will now offer digital phone service in four of the 36 cable systems it bought off of Charter Communications last year. Article

> Korea Telecom plans to sell its Russian telecom subsidiary New Telephone Company (NTC). Article

> The 14,500 km Western African Cable System may hold the promise of fostering new telecom competition and lower priced services for consumers, but industry insiders caution that the country's terrestrial fiber network will continue to be a barrier to achieving those goals. Article

And finally ... A new Fitch Ratings report reveals that while over the top OTT (OTT) video offers consumers greater freedom in terms of their TV viewing experience, only 10-20 percent of U.S. homes will cancel their cable or satellite subscriptions. Article