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Level 3 to Hold Annual Meeting of Stockholders on May 15, 2006


BROOMFIELD, Colo., April 20, 2006 Level 3 Communications, Inc. (Nasdaq:LVLT) will hold its Annual Meeting of Stockholders on Monday, May 15, 2006. The meeting will be held at the Omni Interlocken Resort in Broomfield, Colorado, at 9 a.m. MDT.
A live audio broadcast of the meeting will be available on Level 3ís Web site at To attend the meeting, please register online at, by clicking on the Annual Meeting link. For additional information, please call 720-888-2502.

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 through its customers, is the primary provider of Internet connectivity for millions of broadband subscribers. The company offers a wide range of communications services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, and patented softswitch managed modem and voice services. Its Web address is
The company offers information services through its subsidiary, Software Spectrum, and fiber-optic and satellite video delivery and advertising distribution solutions through its
subsidiary, Vyvx. For additional information, visit their respective Web sites at and
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: increasing the volume of traffic on Level 3ís network; developing new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technology and information systems to support new products and services, including voice transmission services; stabilizing or reducing the rate of price compression on certain of our communications services; integrating strategic acquisitions; attracting and retaining qualified management and other personnel; ability to meet all of the terms and conditions of our debt obligations; overcoming Software Spectrumís reliance on financial incentives, volume discounts and marketing funds from software publishers; and reducing downward pressure of Software Spectrumís margins as a result of the use of volume licensing and maintenance agreements. Additional information concerning these and other important factors can be found within Level 3ís filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.


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