Level 3 Communications, Inc.
Industry: Communications Services

Level 3 (Nasdaq:LVLT) is an international communications and information services company offering a wide selection of services including IP services, broadband transport, colocation services and the industry's first Softswitch based services.

Business Summary
Level 3 Communications, Inc. (Level 3) through its operating subsidiaries, engages primarily in the communications and information services businesses. The Company is a facilities-based provider of a range of integrated communications services, including voice, private line, wavelengths, colocation, Internet access, managed modem, data services and dark fiber. It has designed its network to provide communications services, which employ and leverage underlying optical and Internet Protocol (IP) technologies. Growth products include both wholesale and consumer oriented voice services and IP-virtual private network (VPN) services. The Company's core products consist of Transport and Infrastructure, and IP and Data products. Level 3 also provides managed modem and digital subscriber line (DSL) services to customers. Level 3 also sells coal primarily through long-term contracts with public utilities through its two 50%-owned joint venture surface mines in Montana and Wyoming.

Financial Summary
For the nine months ended 30 September 2005, Level 3 Communications's revenues increased 2% to $2.72B. Net loss increased 23% to $469M. Revenues reflect continuing strong demand for wholesale communications. Net loss reflects increased restructuring expense, higher interest expense and decreased other income. Level 3 Communcations is a telecommunications information services company utilising Internet Protocol Technology.