Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that the company has enhanced the performance and service options offered on its low-latency, fiber-optic network between New York and Chicago. With this enhancement, Level 3 is offering two new ultra-low-latency options backed by service level guarantees.

Level 3’s new latency improvements now provide customers with a choice among three grades of ultra-low-latency performance. Offering circuit speeds of up to 10 Gigabits per second, the enhanced service offerings enable customers – primarily financial institutions – to choose the performance and pricing option that best suits their needs. In addition, Level 3 is now able to provide protected circuit configurations that use ultra-low-latency routes for both the primary and the backup paths.

“The financial sector relies heavily on the ability to minimize transaction cycle time and Level 3 is dedicated to advancing its services and network performance to better serve these customers,” said Paul Savill, senior vice president of product management for Level 3. “By providing these new ultra-low-latency service offerings on fiber assets that we control and manage end-to-end, we have given our customers more freedom to optimize across our network and continue to challenge the industry with a premium infrastructure and first-class performance.”

“Latency has always been important, but it has emerged as a critical performance parameter for specialized financial applications,” said Erik Kreifeldt, senior analyst for TeleGeography. “Offering advanced levels of low-latency performance provides valuable differentiation for wavelength services.”

With approximately 54,000 long-haul fiber miles and 27,000 metro fiber miles in the U.S., Level 3 operates an extensive and diverse network. As a result, Level 3 offers multiple low-latency options for a variety of routes. Additionally, Level 3 offers direct connection to low-latency, trans-Atlantic routes with diverse landing stations to enable network security and business continuity.

For more information about Level 3’s new ultra-low-latency service options, visit www.level3.com/financial.

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 www.Level3.com.

© Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3 Communications and the Level 3 Communications Logo are either registered service marks or service marks of Level 3 Communications, LLC and/or one of its Affiliates in the United States and/or other countries. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. Any other service names, product names, company names or logos included herein are the trademarks or service marks of their respective owners.

Forward-Looking Statement

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; disruptions in the financial markets that could affect Level 3’s ability to obtain additional financing; as well as the company’s ability to: increase and maintain the volume of traffic on the network; successfully integrate acquisitions; develop effective business support systems; defend intellectual property and proprietary rights; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; 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 otherwise.

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