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Press Release -- January 4th, 2011
Source: Level 3 Communications
Tags: Exchange, Expansion, Low Latency

Level 3 Deepens Commitment to Financial Services Industry with Two New Ultra-Low-Latency European Routes

New London-to-Madrid and Frankfurt-to-Madrid Routes Improve Latency for Financial Exchanges and Trading Venues

LONDON, January 04, 2011

Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced it has launched its ultra-low-latency fiber-optic network connections from both London to Madrid and Frankfurt to Madrid. Effective today, Level 3 will offer customers transport services on these ultra-low-latency routes, with circuit speeds capable of up to 10 Gigabits per second (Gbps).

Level 3 currently offers ultra-low-latency routes to some of the world’s largest financial centers. In line with Level 3’s commitment to investing in network expansion and bolstering its portfolio of offerings for the financial services industry, the company has announced new routes to serve these additional important financial markets in Europe.

“These new routes are a direct response to our customers’ changing geographic diversity needs, and our ability to provide ultra-low-latency that leverages our network design, reach and scale is a real differentiator for Level 3 in the financial services market,” said James Heard, president of European Markets at Level 3. “When you combine low latency with our industry-leading service level guarantees on our routes, we believe we have a compelling offering for these financial markets.”

These new routes also provide improved latency on the Madrid-to-New York and Madrid-to-Chicago routes, enabling higher-speed transaction rates with very low transmission delays for financial exchanges and other trading venues.

The Level 3 network today spans 23 countries, with services offered in approximately 190 markets in Europe and North America. The company operates approximately 54,000 long-haul fiber miles and 27,000 metro fiber miles, making it one of the most extensive and diverse network footprints in the market.

Level 3 offers multiple low-latency options for any given route and a direct connection to low latency, transatlantic routes with diverse landing stations to better enable network security and business continuity.

To learn more about Level 3’s European capabilities, please click here.

About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ: LVLT) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. For more information, visit www.Level3.com.

Forward-Looking Statement
Some of the statements made in this press release are forward looking in nature. These statements are based on management’s current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Level 3’s control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the current uncertainty in the global financial markets and the global economy; disruptions in the financial markets that could affect Level 3’s ability to obtain additional financing; as well as the company’s ability to: increase and maintain the volume of traffic on the network; successfully integrate acquisitions; develop effective business support systems; defend intellectual property and proprietary rights; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Level 3’s filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. Level 3 is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact Information
Media: Investors:
Monica Martinez Mark Stoutenberg
720-888-2441 720-888-2518
Monica.Martinez@level3.com Mark.Stoutenberg@level3.com

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