Rodent Regatta

Level 3 Completes Acquisition of Corporate Software

Acquisition Positions Level 3 for Convergence of Communications and Information Technology Industries
BROOMFIELD, Colo., March 14, 2002 - Level 3 Communications, Inc. (Nasdaq:LVLT) today announced that it has closed the acquisition of CorpSoft, Inc., a major distributor, marketer and reseller of business software, which conducts its business under the name Corporate Software.
Level 3 paid $89 million in cash to acquire Corporate Software. [Level 3 Communications, Inc.]