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Press Release -- June 12th, 2012
Source: Level 3 Communications
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Level 3 to Provide Regional Telecommunications Services to Bancaribe Curacao Bank, N.V.

Level 3 Will Help the Financial Group Protect Sensitive Information and Support Operational Processes

BOGOTA, Colombia, June 12, 2012 /PRNewswire/ -- Level 3 Communications, Inc. (NYSE:LVLT, news, filings) today announced it has been selected byBancaribe Curacao Bank, N.V. for a five-year contract to integrate the bank's communications. Level 3 will provide the banking institution's branch offices across the region with managed security services, data center solutions and international connectivity via Level 3's global IP MPLS network.

"Using Level 3 as our single telecommunications provider enables us to focus on our core business of banking and financial services," said Oscar Alvarado, managing director for Bancaribe Curacao Bank, N.V."By entrusting our formal processes to Level 3, we can be sure to provide a superior experience for our customers."

The technological alliance betweenBancaribe Curacao Bankand Level 3 dates back to 2005, when the bank required a satellite connection. Since then, a successful commercial and technological relationship has been forged between the two companies.

"Bancaribe Curacao Bankchose Level 3 for its leading position in the telecommunications market and for its capacity to integrate IT and security solutions," said Alvarado. "Both were key factors in the development of this project."

"This agreement offers Level 3 the opportunity to contribute to the growth and geographical expansion of this financial institution, while at the same time allowing us to grow our solid presence in the banking segment," said Luis Carlos Guerrero, Level 3's vice president of Sales and Services for the Andean Cluster (Colombia, Ecuador and Venezuela). "The capacity of our IP network and data centers, our solid operating procedures, and our highly specialized professionals are some of the competitive advantages that Level 3 offers Bancaribe Curacao Bank, N.V.in Latin America."

About Bancaribe Curacao Bank
Bancaribe Curacao Bank is a bank with a history of more than 30 years in the Curacao financial sector, it operates under an international license granted by theCentral Bank of Curacao and St. Maarten, the entity which regulates and supervises it.

It is a financial institution that offers investment and credit products and services, contributing to the profit value of its clients' money and supports the growth of its economy or business.

About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) provides local, national and global communications services to enterprise, government and carrier customers. Level 3's comprehensive portfolio of secure, managed solutions includes fiber and infrastructure solutions; IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 serves customers in more than 450 markets in 45 countries over a global services platform anchored by owned fiber networks on three continents and 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'sSECfilings, including periodic and current reports on Forms 10-K, 10-Q, 8-K, as soon as reasonably practicable after those filings are made with theSEC.

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 statements made in this press release are forward-looking in nature and 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. 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 or otherwise realize the anticipated benefits thereof; manage risks associated with continued uncertainty in the global economy; obtain additional financing, particularly in the event of disruptions in the financial markets; manage continued or accelerated decreases in market pricing for communications services; maintain and increase traffic on its network; develop and maintain effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; adapt to rapid technological changes that could adversely affect the company's competitiveness; defend intellectual property and proprietary rights; obtain capacity for its network from other providers and interconnect its network with other networks on favorable terms; attract and retain qualified management and other personnel; successfully integrate future acquisitions; effectively manage political, legal, regulatory, foreign currency and other risks it is exposed to due to its substantial international operations; mitigate its exposure to contingent liabilities; and meet all of the terms and conditions of its 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:
Richard Larris Mark Stoutenberg
North America +1 720-888-2518
+1 973-937-0153 Mark.Stoutenberg@Level3.com
Richard.Larris@Level3.com
Paula Vivo
Latin America
+55 11 3957 2424
Paula.Vivo@level3.com

SOURCELevel 3 Communications, Inc.

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