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Press Release -- May 7th, 2014
Source: Level 3 Communications
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AXION energy Commissions Level 3 to Enhance the Efficiency and Reliability of its Communications Systems

Range of Level 3 Network Solutions to Help Improve Operational Performance of One of Argentina’s Major Oil and Gas Companies

May 7, 2014

BUENOS AIRES, Argentina, May 7, 2014 Level 3 Communications, Inc. (NYSE:LVLT, news, filings), today announced an agreement with AXION energy, one of the major energy companies in Argentina. Under the agreement, AXION energy is entrusting Level 3 with its video, voice and data communications capabilities and the connection of its headquarters to subsidiaries, distribution centers, production refineries and data centers in Argentina, Uruguay and Paraguay. Level 3’s network services will also help enhance the efficiency, reliability and security of AXION’s core operations applications to better support its businesses in the countries where it operates.

Due to its extensive market operations, AXION energy requires the ability to unify its communications systems and applications across more than 23 diverse regional locations. By using Level 3’s IP VPN (Internet protocol virtual private network) solution, AXION energy will be able to simplify its connectivity and improve the performance of its organizational operations. AXION energy will also be able to manage its regional network parameters in real time and gather information for future network bandwidth assessments.

Additionally, AXION energy required advanced network collaboration solutions for its employees and will use Level 3’s IP collaboration and voice services to increase the effectiveness of its voice communication processes in regional sites. Furthermore, Level 3’s Ready-Access audio conferencing service will allow fast and easy connections with geographically dispersed employees, customers, partners and vendors, providing users with complete access to services such as security, accessibility, session-recording facilities and other useful functionalities.

“Companies with operations and facilities spread across many different regions require communications and collaboration tools that are capable of supporting the efficiency necessary for continued business growth. We are delighted that our efficient network connectivity, service solutions and management expertise will help AXION energy capitalize on its core competitive advantages within an increasingly competitive global marketplace,” said María Eugenia Lasta, Level 3´s Director of Sales in Argentina.

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

About AXION energy
AXION energy, a company of the Bridas group, participates of the oil & gas refining market as well as commercialization of fuels and lubricants in Argentina; Paraguay, and Uruguay. It’s part of Esso’s broad experience, continuing with a track-record of over 100 years refining and selling fuels and lubricant, always with the operational excellence and technological development achieved by Bridas throughout 54 years of history in the country.

About Level 3 Communications
Level 3 Communications, Inc. (NYSE:LVLT) is a Fortune 500 company that 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 500 markets in over 60 countries across 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 or get to know us on Twitter, Facebook and LinkedIn.

The information contained under the caption “About AXION energy” has been provided by Axion energy, which is solely 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: manage risks associated with continued uncertainty in the global economy; increase revenue from its services to realize its targets for financial and operating performance; maintain and increase traffic on its network; develop and maintain effective business support systems; manage system and network failures or disruptions; avert the breach of its network and computer system security measures; develop new services that meet customer demands and generate acceptable margins; manage the future expansion or adaptation of its network to remain competitive; defend intellectual property and proprietary rights; manage continued or accelerated decreases in market pricing for communications services; 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:
Jon Paul McLeary                                              Mark Stoutenberg
+1 720-888-3244                                                + 1 720-888-2518
jonpaul.mcleary@level3.com                              Mark.Stoutenberg@Level3.com

Paula Vivo
Latin America
+55 11-3957-2424
Paula.Vivo@Level3.com

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