Rodent Regatta

Level 3 Will Provide Wavelength Service to REACH

REACH Buying 10-Gigabit Wave Ring from Level 3 Linking
Japan-U.S. Cable With Key California Markets

BROOMFIELD, Colo., October 16, 2002 Level 3 Communications, Inc. (Nasdaq:LVLT) announced today that it has signed a multi-year, multi-million-dollar agreement to provide optical wavelength services to REACH, one of Asias largest international carriers.

REACH has agreed to purchase a 10-gigabit wavelength ring from Level 3 linking Los Angeles and San Jose with the Japan-U.S. cable landing station outside San Luis Obispo, Calif. The Japan-U.S. cable is a high-capacity undersea cable system connecting the mainland United States with Hawaii and Japan. REACH will use the wavelength from Level 3 to enhance communications services it currently provides to its customers in both Asia and North America.

REACH is one of the leading international communications companies serving the Asia-Pacific region, said Glenn Russo, senior vice president of transport services for Level 3. This agreement highlights the value and flexibility of our wavelength service, which allows international carriers like REACH to expand their out-of-region footprint quickly and efficiently by using the Level 3 network, thereby avoiding unnecessary investment in their own facilities-based network infrastructure.

With Level 3s (3)Link Global Wavelength service, companies with large bandwidth needs can purchase single or multiple wavelengths of light on any of Level 3s North American, transatlantic or European network routes. Level 3 terminates the wavelengths at on-net customer facilities, where customers can interconnect with the wavelength using their existing SONET, IP or ATM equipment, thereby reducing their network costs, shortening time to market, and maintaining network control.

Level 3 expects to activate wavelength segments for REACH using ONTAP, Level 3s proprietary online customer network management and service provisioning system. Among other capabilities, ONTAP enables delivery of wavelength and private line services when customers require them, rather than in the weeks or months that it typically takes other carriers to deliver transport services. This allows customers to tie their network purchases directly to revenue opportunities, rather than basing their orders on speculative long-term projections. ONTAP also enables customers to check Level 3s capacity inventory and prices, plan and order circuits, and manage their Level 3 network via a Web-based interface.

REACH owns and operates a global communications network that links every major market in Asia, as well as markets in North America and Europe. The company maintains an ownership interest in more than 50 cable submarine systems, operates a major satellite system and runs Internet data centers in Hong Kong, India, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand. REACH is a 50-50 joint venture between Telstra Corporation Ltd., the Australian national communications company, and PCCW, the primary fixed-line carrier in Hong Kong. In fiscal 2002, REACH had revenues exceeding US$1 billion.

About Level 3 Communications
Level 3 (Nasdaq:LVLT) is an international communications and information services company offering a wide selection of services including IP services, broadband transport, colocation, metropolitan and intercity dark fiber services, and the industrys first Softswitch based services. Its Web address is www.Level3.com.

The company offers information services through its wholly-owned subsidiaries, (i)Structure, Corporate Software and Software Spectrum. (i)Structure provides managed IT infrastructure services and enables businesses to outsource costly IT operations. Its Web address is www.i-structure.com. Corporate Software and Software Spectrum help Fortune 500 companies acquire, implement, and manage software. Their Web addresses are www.corporatesoftware.com and www.softwarespectrum.com.

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: changes in the overall economy relating to, among other things, the September 11 attacks and subsequent events, substantial capital requirements; development of effective internal processes and systems; the ability to attract and retain high quality employees; technology; the number and size of competitors in its markets; law and regulatory policy; and the mix of products and services offered in the company’s target markets. Additional information concerning these and other important factors can be found within Level 3s filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.