Level 3 Launches New Ultra-High-Speed Trading Route Between London and Frankfurt

By Level 3 Communications Inc., PRNE
Sunday, July 10, 2011

LONDON, July 11, 2011 -

- Route Provides Traders with New
Low-Latency Fibre-Optic Connectivity between Europe’s Two Main
Financial Centres, Other Key Financial Centres in Europe and

Level 3 Communications, Inc. (NASDAQ: LVLT) today announced the
launch of a new ultra-low-latency fibre-optic route to increase
trading speeds between London and Frankfurt. The new route will
also allow banks, hedge funds, brokers and other financial services
institutions to execute trades with lower latency between
additional exchanges connected to the Level 3 network including
Zurich, Milan, New York and Chicago.

(Logo: href="photos.prnewswire.com/prnh/20110523/LA06722LOGO">photos.prnewswire.com/prnh/20110523/LA06722LOGO)

Frankfurt-London is one of the top 10 highest-bandwidth routes
for international Internet traffic,” says TeleGeography Senior
Analyst Erik Kreifeldt. “Ultra-low latency affords a distinct
differentiation on one of the most critical routes for global
bandwidth, particularly for the financial services industry.”

Level 3 has a proven track record when providing support for the
financial services industry. The company currently supports nine of
the top 10 investment banks in North America, as well as nine of
the top 10 banks and four out of the five top financial exchanges
in the world.

“Having access to fast network speeds can be a significant
competitive advantage for the financial services industry, but it’s
an even bigger advantage to have access to a fast network that
keeps getting faster,” said James Heard, president of European
Markets at Level 3. “We consistently upgrade our routes to better
serve our global customer base. This latest route upgrade further
underlines our commitment to anticipating our financial services
customers’ evolving needs, especially for rapid transactions, and
demonstrates our network’s unrivalled scale and continuously
increasing quality of service.”

Level 3 has worked closely with its customers in the financial
services industry to develop a diverse portfolio of solutions,
including ultra-low-latency routes into Milan, Zurich, as well as
the main financial sectors of New York, Chicago, London and
Frankfurt. Level 3 provides traders on these routes with a broad
range of high-speed connectivity options, allowing for a variety of
design options for low latency solutions. The London-to-Frankfurt
route is offered with a stringent latency service level agreement
as well as end-to-end management, giving customers increased peace
of mind and security.

The Level 3 network today spans more than 20 countries and
reaches approximately 190 markets in Europe and North America.
Level 3 manages 57,000 intercity fibre miles and 27,000 metro fibre
miles, providing a size and depth of connectivity on a broad scale.
To learn more about Level 3’s European capabilities, please click

About Level 3 Communications

Level 3 Communications, Inc. (NASDAQ: LVLT) is a leading
international provider of fiber-based communications services.
Enterprise, content, wholesale and government customers rely on
Level 3 to deliver services with an industry-leading combination of
scalability and value over an end-to-end fiber network. Level 3
offers a portfolio of metro and long-haul services, including
transport, data, Internet, content delivery and voice. Level 3
services are provided by wholly-owned subsidiaries of Level 3
Communications, Inc. For more information, visit href="www.level3.com/">www.Level3.com.


Some of the statements made in this press release are
ward looking in nature. These statements 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
e Level 3’s control, which could cause actual events
to differ materially from those expressed or implied by the
statements. The most important factors that could prevent Level 3
from achieving its stated goals include, but are not limited to:
the current
uncertainty in the global financial markets and
the global economy; a discontinuation of the development and
expansion of the Internet as a communications medium and
marketplace for the distribution and consumption of data and video;
and disruptions in the
financial markets that could affect
Level 3’s ability to obtain additional financing. Additional
factors include, but are not limited to, the company’s ability to:
increase and maintain the volume of traffic on its network; develop
effective business supp
ort systems; manage system and
network failures or disruptions; develop new services that meet
customer demands and generate acceptable margins; defend
intellectual property and proprietary rights; adapt to rapid
technological changes that lead to further
attract and retain qualified management and other personnel;
successfully integrate acquisitions; and meet all of the terms and
conditions of debt obligations. Additional information concerning
these and other important factors can be found wi
thin 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
forward-looking statements, whether as a result of new information,
future events, or otherwise.

Contact Information

    Media:                     Investors:
    Monica Martinez            Mark Stoutenberg
    +1-720-888-3991            +1-720-888-2518
    Monica.Martinez@Level3.com Mark.Stoutenberg@Level3.com


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