Level 3 Communications Completes Technical Amendment to Stockholder Rights Agreement

Level 3 Communications, Inc. (NYSE: LVLT) today announced that it has completed a technical amendment to the Stockholder Rights Agreement between the company and STT Crossing Ltd.

The Stockholder Rights Agreement was amended to reflect the completion of the company's reverse stock split, which was effective as of Oct. 19, 2011, and the listing of the company's common stock on the New York Stock Exchange, which was effective as of Oct. 20, 2011. No substantive changes were made to the terms of the Stockholder Rights Agreement.

The Stockholder Rights Agreement was originally executed in April 2011 at the time that the company agreed to acquire Global Crossing Limited.