Level 3 Selected by QuantHouse to Provide Ultra-Low-Latency Transport between London and Stockholm

By Level 3 Communications Inc., PRNE
Wednesday, June 29, 2011

LONDON, June 30, 2011 -

Route is Part of
Level 3’s Ultra-Low Latency Network Interconnecting Top Financial
Centres in Europe and the U.S.

Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it
has been selected to provide ultra-low-latency transport services
from London to Stockholm by QuantHouse, a global provider of
end-to-end systematic trading solutions. The route, which was
recently added to Level 3’s portfolio of low-latency offerings,
provides financial services customers high-speed connectivity and
lower transmission delays between Europe’s largest trading market
and the growing financial market in Stockholm.

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

“Our customers are some of the most technologically
sophisticated and demanding in the financial services market - they
expect the best and most reliable services in order to give them an
edge,” said Pierre Feligioni, CEO of QuantHouse.  ”With Level
3’s low-latency routes, we can provide a more complete and
competitive portfolio to these customers.”

QuantHouse’s services help market makers, proprietary trading
desks and latency-sensitive sell-side firms to leverage the
advantages of ultra-low-latency market data technologies,
algorithmic trading development framework, proximity hosting and
order routing services. The company is using Level 3’s transport
solution to provide customers with ultra-low latency access from
London to Stockholm using QuantHouse’s own algorithmic trading

Level 3’s low-latency route service portfolio allows customers
like QuantHouse to connect from all of Europe’s top financial
centres via nine different European route options. The company
additionally provides high-speed connectivity from Europe to the
top U.S. financial centres.

“Our customers not only want the fastest connectivity, they want
the flexibility to easily reach the market of their choice, using
the most advanced technology possible with as little risk as
possible,” said James Heard, president of European Markets. “The
addition of the London-to-Stockholm route is a perfect example of
Level 3’s commitment to helping our financial services customers
connect quickly and reliably to more of the world’s key financial
destinations - all on one of the world’s largest Internet backbone

As a result of its network scale, Level 3 has the unique ability
to manage and optimize the delivery process from end-to-end.
Transactions on the routes are further backed by network redundancy
and stringent service level agreements (SLAs) relating to
performance on the Level 3 network. For more information on Level
3’s ultra-low-latency services and routes in Europe please visit href="www.level3.com/Solutions/business-need/low-latency.aspx">

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. For more
information, visit href="www.level3.com/">www.Level3.com. 
Level 3 services are provided by wholly owned subsidiaries of Level
3 Communications, Inc. 


Some of the statements made in this
press release are forward 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 outside 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 support 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 competition; 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 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

    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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