Level 3’s Technology to Optimize Grupo Elektra Operations in Mexico and Latin America

MEXICO CITY,March 27, 2012/PRNewswire/ — Level 3 Communications, Inc., (NYSE:LVLT, news, filings) today announced it has renewed an agreement, through its locally licensed affiliate in Mexico, with Grupo Elektra, a rapidly growing leader in the financial and specialty retail services market inLatin America. Under the agreement, Level 3 will provide services to help strengthen and improve the security, reliability and efficiency of Grupo Elektra’s communications.

The Level 3 solution connects Grupo Elektra’s headquarters inMexicowith its Banco Azteca branches in Argentina, Brazil , El Salvador, Guatemala, Honduras, Panama and Peru. It is helping Grupo Elektra’s customer service improve performance and efficiency by converging voice, data and video over a single network. Through Level 3’s global network, Grupo Elektra can take advantage of scalable capacity to easily accommodate growth; multiple access options for additional flexibility; a wide range of Internet Protocol (IP) communications services; and guaranteed quality of service, as well as enhanced security.

“It is a great distinction for Level 3 to have Grupo Elektra as a customer,” said Hector Alonso, Level 3’s regional president Latin America. “By connecting its locations with Level 3’s versatile network solutions, we will continue to ensure that Grupo Elektra’s corporate network functions optimally.”

About Grupo Elektra

Grupo Elektra (www.grupoelektra.com.mx) is Latin America’s leading financial services company focused on the mass market. The Group operates more than 2,600 points of sale in Mexico, Brazil, Guatemala, Honduras, Peru, Panama, El Salvador and Argentina. Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through Banco Azteca branches located in Mexico, Brazil, Panama, Guatemala, Honduras, Peru and El Salvador.

About Level 3 Communications

Level 3 Communications, Inc.(NYSE: LVLT) is a premier global provider of IP-based communications services to enterprise, content, government and wholesale customers. Over its reliable, scalable and secure network, Level 3 delivers integrated IP solutions, including converged, data, voice, video and managed solutions to help enable customers’ growth and efficiency. Level 3 operates a unique global services platform anchored by owned fiber networks on three continents in more than 45 countries, connected by extensive undersea facilities. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc.  For more information, visit www.level3.com.

Website Access to Company Information

Level 3 maintains a corporate website at www.level3.com, and you can find additional information about the company through the Investors pages on that website at http://lvlt.client.shareholder.com/.  Level 3 uses its website as a channel of distribution of important information about the company. Level 3 routinely posts financial and other important information regarding the company and its business, financial condition and operations on the Investor Relations web pages.

Visitors to the Investors Relations web pages can view and print copies of Level 3’s SEC filings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with the SEC.

Copies of the charters for each of the Audit, Compensation and Nominating and Governance committees of Level 3’s Board of Directors, its Corporate Governance Guidelines, Code of Ethics, press releases and analysts and investor conference presentations are all available through the Investor Relations web pages.

Please note that the information contained on any of Level 3’s web sites is not incorporated by reference in, or considered to be a part of, any document unless expressly incorporated by reference in that document.

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 company’s ability to successfully integrate the Global Crossing acquisition, the current uncertainty in the global financial markets and the global economy; a discontinuation of the development and expansion of the Internet as a communications medium and marketplace for the distribution and consumption of data and video; and disruptions in the financial markets that could affect Level 3’s ability to obtain additional financing.  Additional factors include, but are not limited to, the company’s ability to:  increase and maintain the volume of traffic on its network; develop effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; defend intellectual property and proprietary rights; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; successfully integrate future acquisitions; 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.

SOURCE Level 3 Communications, Inc.

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