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Level 3 Issues Statement Concerning Leadership Transition Planning



      Level 3 Issues Statement Concerning Leadership Transition Planning

PR Newswire

BROOMFIELD, Colo., March 7, 2013

BROOMFIELD, Colo., March 7, 2013 /PRNewswire/ -- Level 3 Communications, Inc.
(NYSE: LVLT) today issued a statement concerning leadership transition
planning for the company.

(Logo:  http://photos.prnewswire.com/prnh/20111004/LA77008LOGO)

The company announced that its chief executive officer, James Q. Crowe, has
informed the Board of Directors of his intention to transition out of his
position as CEO by the end of 2013. Consequently, the Board has formed a
Transition Planning Committee to assist it with the process of identifying and
selecting a new chief executive officer, and with the planning for the
leadership transition. The timing of the transition is subject to change at
the Board's discretion in consultation with Mr. Crowe.  

"It has been a privilege to lead Level 3's incredibly talented people through
times of great challenge and great opportunity," said Crowe. "I am
extraordinarily proud of what we have accomplished together. For some time,
the Board and I have been considering CEO succession. Given the company's
financial and operational strength, we have concluded that it is an
appropriate time to begin the transition to new leadership with new
perspectives. With our unique global network, the industry's most
comprehensive portfolio of advanced IP/optical services and an increasingly
strong financial position, Level 3 is extraordinarily well positioned to
benefit from the worldwide explosion of voice, data and video carried over the
Internet. For my part, I stand ready to assist the Board in assuring that the
transition is successful and will offer my full support to my successor."

"The Board of Directors is committed to ensuring that, through this process,
we select the right CEO to follow Jim and to ensure that we capitalize on the
extraordinary opportunities ahead," said Walter Scott, Jr., chairman of the
Board of Level 3. "On behalf of the entire Level 3 organization, I want to
thank Jim for his visionary leadership, for his dedication and for all that he
has done to build Level from the ground up. It is no exaggeration to say that,
without Jim, there would be no Level 3."

About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) provides local, national and global
communications services to enterprise, government and carrier customers. Level
3's comprehensive portfolio of secure, managed solutions includes fiber and
infrastructure solutions; IP-based voice and data communications; wide-area
Ethernet services; video and content distribution; data center and cloud-based
solutions. Level 3 serves customers in more than 450 markets in more than 45
countries over a global services platform anchored by owned fiber networks on
three continents and connected by extensive undersea facilities. For more
information, please visit www.level3.com

© Level 3 Communications, LLC. All Rights Reserved. Level 3, Level 3
Communications, Level (3) and  the Level 3 Logo 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.  Any other service
names, product names, company names or logos included herein are the
trademarks or service marks of their respective owners. Level 3 services are
provided by subsidiaries of Level 3 Communications, Inc. 

Website Access to Company Information
Level 3 maintains a corporate website at www.level3.com, and you can find
additional information about the company through the Investors pages on that
website at http://lvlt.client.shareholder.com/.  Level 3 uses its website as a
channel of distribution of important information about the company. Level 3
routinely posts financial and other important information regarding the
company and its business, financial condition and operations on the Investor
Relations web pages.

Visitors to the Investors Relations web pages can view and print copies of
Level 3's SEC filings, including periodic and current reports on Forms 10-K,
10-Q, 8-K, as soon as reasonably practicable after those filings are made with
the SEC.

Copies of the charters for each of the Audit, Compensation and Nominating and
Governance committees of Level 3's Board of Directors, its Corporate
Governance Guidelines, Code of Ethics, press releases and analysts and
investor conference presentations are all available through the Investor
Relations web pages.

Please note that the information contained on any of Level 3's web sites is
not incorporated by reference in, or considered to be a part of, any document
unless expressly incorporated by reference in that document.

Forward-Looking Statement

Some statements made in this press release are forward-looking in nature and
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. Important factors that could
prevent Level 3 from achieving its stated goals include, but are not limited
to, the company's ability to: successfully integrate the Global Crossing
acquisition or otherwise realize the anticipated benefits thereof; manage
risks associated with continued uncertainty in the global economy; maintain
and increase traffic on its network; develop and maintain effective business
support systems; manage system and network failures or disruptions; avert the
breach of its network and computer system security measures; develop new
services that meet customer demands and generate acceptable margins; defend
intellectual property and proprietary rights; manage the future expansion or
adaptation of its network to remain competitive; manage continued or
accelerated decreases in market pricing for communications services; obtain
capacity for its network from other providers and interconnect its network
with other networks on favorable terms; attract and retain qualified
management and other personnel; successfully integrate future acquisitions;
effectively manage political, legal, regulatory, foreign currency and other
risks it is exposed to due to its substantial international operations;
mitigate its exposure to contingent liabilities; and meet all of the terms and
conditions of its 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.

Contact Information
Media:                  Investors:
Josh Howell             Mark Stoutenberg
+1 720-888-3912         +1 720-888-2518
Josh.Howell@Level3.com  Mark.Stoutenberg@Level3.com                                      

SOURCE Level 3 Communications, Corporate Communications

Website: http://www.level3.com
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