© 2006 Level 3 Communications, Inc. All rights reserved. Level 3 Communications,
Level 3 and the Level 3 logo are registered service marks of Level 3 Communications,
Inc. in the United States and/or other countries. Proprietary and Confidential.

Level 3 Profile
Level 3 History
Leadership Team
The Right Network
The Right Services
Investing in Growth
Trusted by Industry Leaders

2006 Level 3 Communications, Inc. All Rights Reserved.

Established: 1998
Headquarters: Broomfield, CO
2005 Annual Revenue: $3.6 Billion
Employees: 5,800
Four Groups

Wholesale Markets

Content Markets

Business Markets

European Markets
Customers:

MySpace, Yahoo!, YouTube, British Telecom,
The Hershey Company, Internet2, Comcast
Network:

One of the largest global Internet backbones
Services:

Complete portfolio of voice, data, video and
Internet services

2006 Level 3 Communications, Inc. All Rights Reserved.
Broomfield Headquarters

1998
Start-up and
Construction
• Raised $14 billion; called the “best funded startup in history”
• Dug 19,600 route miles and built the world’s first continuously upgradeable network that is fully optimized for IP
2000
2002
A
World-Class
Operator
• Attained the highest operating margins in the industry
• Invested in systems to become a world-class operator
• Some of the world’s most sophisticated communications companies trust Level 3 for their network services
Consolidator and VoIP
Leader
• Acquired WilTel, Progress Telecom,
ICG, TelCove and Looking Glass
Networks — building on 2003 acquisition of Genuity
• Selected to support 16 of the 17 largest recent VoIP roll-outs
2004
• Robust quarter-over-quarter growth in new VoIP services
2006
Filling the
Network
Post-Bubble
Agility
• Explosive demand for bandwidth fuels growth in sales
• By end of 2000, Level 3 provided service to 2,700 customers
• Pursued a unique strategy that focused on both the balance sheet and investing for an inevitable industry rebound
• Investors showed confidence as Level 3 raised more money than all NexGen carriers combined
• Became one of the top three Internet traffic carriers

2006 Level 3 Communications, Inc. All Rights Reserved.

James Q. Crowe
Chief Executive Officer
Kevin J. O’Hara
President & Chief
Operating Officer
Charles C. Miller, III
Executive Vice President,
Vice Chairman
Sunit Patel
Chief Financial Officer
Craig Butrym
Managing Director,
Europe
Sureel Choksi
President, Wholesale
Markets
Don Gips
Group Vice President,
Corporate Strategy
Robin Grey
Senior Vice President,
Treasurer
Robert E. Guth
President, Business
Markets
Kevin Hart
Group Vice President,
Chief Information Officer
J. Neil Hobbs
President, Global
Network Services
Joseph M. Howell, III
Group Vice President,
Corporate Marketing
Brady Rafuse
President, Content
Markets and Chief
Executive Officer, Europe
Lynn Refer
President, Metro
Network Services
Thomas C. Stortz
Executive Vice President,
Chief Legal Officer
Jack Waters
Chief Technology Officer
Christopher P. Yost
Group Vice President,
Human Resources

2006 Level 3 Communications, Inc. All Rights Reserved.

Designed to maximize coverage, performance, flexibility and scalability
More Long-Haul and Metro Route Options than Other Providers

> 77,000 intercity route miles available in North America and Europe

> 21,000 metropolitan route miles
High-Capacity, Nationwide Backbone

Overbuilt backbone with new DWDM, IP and private-line switching layers in 2005

Long-haul capacity grew 50% this year and will double every two years

IP backbone capacity tripled between 3Q05 and 1Q06
Expanding Voice Footprint

Connectivity to every long distance tandem office in the U.S., as well as a large and growing number of end offices

Ability to terminate calls anywhere in the world over the Level 3 Network

2006 Level 3 Communications, Inc. All Rights Reserved.

Principal Locations:
-- Broomfield, Colorado: Corporate HQ and NOC
-- Tulsa, Oklahoma: NOC
-- London: European HQ and NOC
-- Atlanta, Georgia: NOC

2006 Level 3 Communications, Inc. All Rights Reserved.

Complete Portfolio of Data, Voice and VoIP services

Only carrier with Tier 1 status and leadership across wholesale IP, wavelength and dark fiber

Uniquely positioned to support migration from TDM- to IP-based voice applications
On-going Investments to Keep Pace with Rapidly Evolving Customer
Requirements

NexGen DWDM enables deployments in 100 Gbps increments

VoIP infrastructure in place to accommodate rapid growth

Roadmap to 40 Gbps waves; 10 GigE LAN PHY waves already available
One of the Largest IP Backbones in the World

World-class peering with over 470 Gbps of global peering capacity

More than 5.1 petabytes of traffic per day
Unique ability to invest in and serve enterprises’ telecommunications needs

Premium, high-availability fiber builds enable us to connect companies to international network footprint, network services, and business applications

Collaborative account service with local support for buying decisions — Level 3 is the only provider exclusively focused on the needs of business customers versus residential
Flexibility to Create Custom Network Solutions at All Layers

2006 Level 3 Communications, Inc. All Rights Reserved.

Every Level 3 Network “layer” (and service) can rapidly leverage the others.
Customers have the flexibility to create custom solutions at all layers.

2006 Level 3 Communications, Inc. All Rights Reserved.

Our services support:

Wireless companies

Cable companies

Voice service providers

RBOCs, ILECs, and International PTTs

Internet content providers

Media and entertainment companies

Research and academic institutions

Government agencies
Customers Include:
 18 of the world’s top 20 telecom carriers

8 of the top 10 carriers in Europe

3 of the top 4 carriers in Asia

8 of the top 10 U.S. Internet service providers

9 of the top 10 U.S. cable companies

4 of the top 5 U.S. wireless service providers

2006 Level 3 Communications, Inc. All Rights Reserved.

Global Comm Award of
Excellence
(June 2006)

Excellence in Network Design and
Services
Frost and Sullivan Growth
Strategy Leadership Award
(May 2006)

SONET services
ATLANTIC-ACM Wholesale
Report Card (March 2006)

Awards for customer service and billing based on Customer
Satisfaction Survey
ATLANTIC-ACM Metro Carrier
Report Card (October 2006)

Best in Class across five categories

2006 Level 3 Communications, Inc. All Rights Reserved.

Level 3 is prepared to grow with your business into the long term
Top- and bottom-line growth – and continued investor confidence – is fueling network augmentation

ICG, Looking Glass, Progress Telecom, TelCove and WilTel acquisitions

Physical build-outs
Investing resources in expansion

Expanding into new buildings and increasing on-net footprint

Now a major national provider of metro and regional services

More than 5,700 traffic aggregation points in over 110 local markets
Implementing organizational structure to enhance responsiveness

Dedicated support for regional businesses

Customer-focused organizations to help ensure readiness for industry opportunities

2006 Level 3 Communications, Inc. All Rights Reserved.