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Level 3 CFO Sunit S. Patel to Speak at the Merrill Lynch Communications Forum

23 February 2006

BROOMFIELD, Colo., February 21, 2006  Sunit S. Patel, chief financial officer of Level 3 Communications, Inc. (Nasdaq:LVLT), will make an investor presentation at the Merrill Lynch Communications Forum in New York City, New York on Tuesday, February 28.


Mr. Patel s presentation is scheduled to begin at approximately 9:00 a.m. Eastern Standard time. A Web cast will be available both live and archived on Level 3 s investor relations Web site at www.Level3.com/582.html.


About Level 3 Communications


Level 3 (Nasdaq:LVLT) is an international communications and information services company. The company operates one of the largest Internet backbones in the world, is one of the largest providers of wholesale dial-up service to ISPs in North America and is the primary provider of Internet connectivity for millions of broadband subscribers, through its cable and DSL partners. The company offers a wide range of communications services over its 23,000-mile broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, and patented softswitch managed modem and voice services. Level 3 is an industry leader in IP and VoIP services, which it provides to cable operators, ISPs, carriers and others. Level 3 s E-911 service offering includes both fixed location and nomadic VoIP E-911 capabilities, supporting an FCC-compliant E-911 solution for interconnected VoIP providers. Its Web address is www.Level3.com. The company offers information services through its subsidiary, Software Spectrum, and fiber-optic and satellite video delivery solutions through its subsidiary, Vyvx. For additional information, visit their respective Web sites at www.softwarespectrum.com and www.vyvx.com.


The Level 3 logo is a registered service mark of Level 3 Communications, Inc. in the United States and/or other countries. Level 3 services are provided by a wholly owned subsidiary of Level 3 Communications, Inc.


Forward-Looking Statement


Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: developing new products and services that meet customer demands and generate acceptable margins; increasing the volume of traffic on Level 3 s network; overcoming the softness in the economy given its disproportionate effect on the telecommunications industry; integrating strategic acquisitions; attracting and retaining qualified management and other personnel; successfully completing commercial testing of new technology and information systems to support new products and services, including voice transmission services; ability to meet all of the terms and conditions of our debt obligations; overcoming Software Spectrum s reliance on financial incentives, volume discounts and marketing funds from software publishers; reducing downward pressure of Software Spectrum s margins as a result of the use of volume licensing and maintenance agreements; and reducing rate of price compression on certain of the Company s existing transport and IP services. 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 release should be evaluated in light of these important factors.


Josh Howell


Media Contact


Level 3 Communications


720-888-2517

Source: webwire





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