Level 3 Launches Content Delivery Network Services in Latin America

Scalable, In-Country CDN Services Offer One-Stop-Shop for Companies and other Institutions Seeking to Build Presence in Latin America and Beyond
Leading Provider of Broadcast Streaming, Grupo Z, Using Level 3 CDN Services

BROOMFIELD, Colo., Aug. 21, 2012 /PRNewswire/ —Level 3 Communications, Inc. (LVLT) announced today it has launched its content delivery network (CDN) services into Latin America.

With a highly skilled workforce, local market knowledge and its extensive IP backbone, Level 3 is now able to provide businesses, government institutions and multimedia content providers across the globe with a fast, reliable way to deliver their content throughout Latin America.

“All indicators suggest the Latin American CDN market is poised for high growth over the next five-year period,” stated Dan Rayburn, principal analyst at Frost & Sullivan. “Applications such as over-the-top video and mobile video are still in the early stage of adoption, which are likely to substantially increase in usage as broadband infrastructure across the continent improves and the transactional mechanisms to purchase content-based services are more widely implemented.”

Grupo Z, a Chile-based provider of online audio and video broadcast streaming, has already begun using Level 3’s network to deliver some of its largest events, such as music festivals, soccer matches and peak demand events to broadcasters throughout Latin America.

“As the demand for instant access to online content continues to grow, CDN network performance becomes increasingly critical to providing a world-class viewer experience, and Level 3’s CDN platform allows us to quickly scale to meet that demand,” said Christian Avalos, general manager of Grupo Z. “Level 3’s extensive network reach enables us to provide customers with a single solution for global content distribution.”

“Throughout Latin America, people are spending more time on the Internet purchasing products and downloading videos, music and games, and they want their experience to be simple, fast and seamless,” said Leonardo Barbero, Level 3’s chief marketing officer and senior vice president for Latin America. “Companies throughout the world can tap into this rapidly expanding market and grow their businesses by leveraging Level 3’s personalized service, flexibility and performance of our CDN service.”

Level 3 is changing the business of content delivery by combining the advantages of its own seamless Internet backbone that it operates with a sophisticated and proven CDN. This unique combination allows Level 3 to connect customers with the benefits of its high-performance, highly scalable service — and to deliver those services in a simplified, cost-effective manner.

For more information on Level 3’s advanced network and service offerings, visit www.level3.com.

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. For more information, please visit www.level3.com

© Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3 Communications, Level (3) and  the Level 3 Logo either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries.  Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners. Level 3 services are provided by subsidiaries of Level 3 Communications, Inc.

About Grupo Z
Grupo Z is one of the most experienced and capable providers of the industry in solutions for massively distribute audio and video over the Internet. From its operational core in Santiago de Chile, Grupo Z brings services to the heavy demanding clients in government and private corporations. For more information, please visit www.grupoz.cl.

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 athttp://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.

The information stated under the caption “About Grupo Z” is provided by Grupo Z, which is responsible for its content.

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.

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