Level 3 Confirms Previously Announced Expectations for Q2

Level 3 Communications, Inc. LVLT is confirming its previously issued expectation that for the second quarter 2011, the Company expects sequential growth in Core Network Service revenue to strengthen. Additionally, the Company confirms that it expects low double digit percentage growth in Consolidated Adjusted EBITDA in 2011 vs. 2010. Capital expenditures are expected to be approximately 12 percent of Communications revenue for the full year 2011, and Free Cash Flow is expected to be roughly breakeven for the last three quarters of 2011 in aggregate. These expectations exclude any effect from the pending Global Crossing acquisition.