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Level 3 CFO Sunit S. Patel To Speak At The JP Morgan Annual High Yield Conference


BROOMFIELD, Colo., February 2, 2006 Sunit S. Patel, chief financial officer of Level 3 Communications, Inc. (Nasdaq:LVLT), will make an investor presentation at the JP Morgan Annual High Yield Conference in Miami, Florida on Wednesday, February 8. Mr. Patelís presentation is scheduled to begin at approximately 8:50 a.m. Eastern Standard time. The PowerPoint presentation will be available on Level 3ís investor relations Web site at

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 3ís 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

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 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: developing new products and services that meet customer demands and generate acceptable margins; increasing the volume of traffic on Level 3ís 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 Spectrumís reliance on financial incentives, volume discounts and marketing funds from software publishers; reducing downward pressure of Software Spectrumís margins as a result of the use of volume licensing and maintenance agreements; and reducing rate of price compression on certain of the Companyís existing transport and IP services. 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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