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Level 3 Communications Sets Third Quarter 2006 Earnings Call Date

PRNewswire-FirstCall
BROOMFIELD, Colo.
Sep 29, 2006

Level 3 Communications, Inc. (NASDAQ: LVLT) will release its third quarter 2006 results on Tuesday, October 24, 2006, and will host a conference call at 10 a.m. EDT.

The third quarter conference call will be broadcast live on Level 3's Web site at www.Level3.com. If you are unable to join the call via the Web, you may access the call at 612-332-0342. You may also e-mail questions to Investor.Relations@Level3.com.

The call will be archived and available on Level 3's Web site at www.Level3.com, or you may access an audio replay until 11:59 p.m. EST on Tuesday, October 31, 2006, by dialing 320-365-3844 access code 843661. For additional information please call 720-888-2502.

About Level 3 Communications

Level 3 Communications, Inc (NASDAQ: LVLT), an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3's customers to meet their growing demands for advanced communications solutions. The company's Web address is www.Level3.com.

"Level 3 Communications," "Level 3" and the Level 3 Communications logo are registered service marks of Level 3 Communications, Inc. in the United States and/or other countries. Any other product and company names herein may be trademarks of their respective owners. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc.

Forward-Looking Statement

Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: increasing the volume of traffic on Level 3's network; developing new products and services that meet customer demands and generate acceptable margins; successfully completing commercial testing of new technology and information systems to support new products and services, including voice transmission services; stabilizing or reducing the rate of price compression on certain of our communications services; integrating strategic acquisitions; attracting and retaining qualified management and other personnel; and the ability to meet all of the terms and conditions of our 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 release should be evaluated in light of these important factors.

First Call Analyst:
FCMN Contact: chris.hardman@level3.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19990721/LVLTLOGO
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: Level 3 Communications, Inc.

CONTACT: Media, Josh Howell, +1-720-888-2517, or Chris Hardman,
+1-720-888-2292, or Investors, Robin Grey, +1-720-888-2518, or Valerie
Finberg, +1-720-888-2501, all of Level 3 Communications, Inc.

Web site: http://www.level3.com/