Level 3 Communications (LVLT) Q2 2011 Earnings Call July 27, 2011 10:00 am ET Executives James Crowe - Chief Executive Officer and Director Jeffrey Storey - President and Chief Operating Officer Sunit Patel - Chief Financial Officer and Executive Vice President Valerie Finberg - VP of IR Analysts David Sharret - Barclays Capital Christopher Larsen - Piper Jaffray Companies Colby Synesael - Cowen and Company, LLC Donna Jaegers - D.A. Davidson & Co. Michael Funk - BofA Merrill Lynch Ana Goshko - BofA Merrill Lynch David Dixon - FBR Capital Markets & Co. Simon Flannery - Morgan Stanley Frank Louthan - Raymond James & Associates, Inc. PresentationOperator
Good day, and welcome to the Level 3 Communications Inc. Second Quarter 2011 Earnings Conference Call. Today's call is being recorded. At this time, I'd like to turn the conference over to Valerie Finberg, Vice President of Investor Relations. Please go ahead. Valerie Finberg Thank you, Jessica. Good morning, everyone, and thank you for joining us for the Level 3 Communications Second Quarter 2011 Earnings Call. With us on the call today are Jim Crowe, Chief Executive Officer; Jeff Storey, President and Chief Operating Officer; and Sunit Patel, Executive Vice President and Chief Financial Officer. Before we get started, as a reminder, our press release, supplementary information and the presentation slides that accompany this call are all available on the Level 3 website at www.level3.com in the Investor Relations section on the Quarterly Financials page. I need to cover our Safe Harbor statement, which can be found on Page 2 of our 2Q '11 earnings presentation and that says that information on this call and in the presentation contains financial estimates and other forward-looking statements that are subject to risks and uncertainties. Actual results may vary significantly from those statements. A discussion of factors that may affect future results is contained in Level 3's filings with the Securities and Exchange Commission. As today's presentation will discuss the business combination transaction, the following information is required by the SEC's rules and regulations in the context of the business combination transaction. This presentation shall not constitute an offer to sell or the solicitation of an offer to buy any security or solicitation of any vote or approval. In connection with seeking approval for the transaction from their respective stockholders, Level 3 and Global Crossing filed registration statements on Form S-4, a joint proxy statement prospectus and other relevant documents concerning the proposed transaction with the SEC. Investors and security holders are urged to read the registration statement and the final joint proxy statement prospectus and any other relevant documents filed with the SEC. Investors and security holders will be able to obtain a copy of the registration statement and joint proxy statement prospectus, as well as other filings containing information about Level 3 and Global Crossing free of charge at the SEC's website at www.sec.gov or from Level 3 or Global Crossing's corporate website. Level 3, Global Crossing and their respective directors, executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies in favor of the proposed transaction. Information about Level 3's directors and executive officers is contained in the proxy statement for its 2011 annual meeting, and information about Global Crossing's directors and executive officers is contained in the proxy statement for its annual meeting.