Level 3 Communications Issues Comment on Approval of Comcast-NBCU Transaction

BROOMFIELD, Colo.--(BUSINESS WIRE)-- Level 3 Communications, Inc. (NASDAQ: LVLT) today issued the following statement, which can be attributed to John M. Ryan, executive vice president and chief legal officer of Level 3 Communications, Inc.:

“Level 3 supports the Federal Communications Commission (FCC) and the Department of Justice (DOJ) in their commitment to ensuring that Comcast meets its obligations under the FCC’s Open Internet Order as a condition of today’s approval of the Comcast-NBCU transaction.

“We look forward to working with Chairman Genachowski, the other Commissioners and staff, and with the DOJ to ensure that Comcast abides by the spirit and letter of the FCC order, and lives up to the promises and commitments it has made to the DOJ and FCC through the merger approval process – to operate in an open and non-discriminatory fashion.

“As we’ve previously noted, the objective of the FCC Open Internet Order is clear in its call for an open Internet – with rules against unfairly blocking content and unreasonable discrimination – to ensure that broadband providers cannot act as gatekeepers to companies providing competing content, services or applications to those providers’ customers. We urge the Commission to implement those rules and the conditions announced today on the NBCU transaction in a manner that preserves competition and maintains an open Internet – open to innovation, open to competition and open to consumer choice.”

About Level 3 Communications

Level 3 Communications, Inc. (NASDAQ: LVLT) is a leading international provider of fiber-based communications services. Enterprise, content, wholesale and government customers rely on Level 3 to deliver services with an industry-leading combination of scalability and value over an end-to-end fiber network. Level 3 offers a portfolio of metro and long-haul services, including transport, data, Internet, content delivery and voice. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc. For more information, visit www.Level3.com.

Forward-Looking Statement

Some of the statements made in this press release are forward looking in nature. These statements 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. The most important factors that could prevent Level 3 from achieving its stated goals include, but are not limited to, the current uncertainty in the global financial markets and the global economy; disruptions in the financial markets that could affect Level 3’s ability to obtain additional financing; as well as the company’s ability to: increase and maintain the volume of traffic on the network; successfully integrate acquisitions; develop effective business support systems; defend intellectual property and proprietary rights; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margins; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; and meet all of the terms and conditions of 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:

Level 3 Communications
Media:
Josh Howell, 720-888-3912
E-mail
or
Investors:
Mark Stoutenberg, 720-888-2518
E-mail

KEYWORDS:   United States  North America  Colorado

INDUSTRY KEYWORDS:   Technology  Data Management  Internet  Networks  Telecommunications

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