Level 3 Falls as it Denies Sale of European Assets - TheStreet

Level 3 Falls as it Denies Sale of European Assets

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Level 3 Communications (LVLT) was down 1.4% in midafternoon after hitting a 52-week low of $7.59. The provider of high-speed business communications services said it remains committed to its European operations and denied a report on the Total Telecom Web site that it would sell assets to England's Cable & Wireless (CWP) . Level 3 in a statement said it is "factually incorrect" that the two companies have held talks.