Market Overview

Level 3 Announces ISAE 3402 Certification for Four Latin America Data Centers

Level 3 Communications (NYSE: LVLT) today announced it has been awarded the International Standard on Assurance Engagements (ISAE) 3402 Type II Certification for its Premier Elite data centers in Buenos Aires, Argentina; Sao Paulo, Brazil; Rio de Janeiro, Brazil; and Santiago, Chile. The ISAE 3402 is a global assurance standard for reporting on financial processes and controls at service organizations.

(Logo: http://photos.prnewswire.com/prnh/20111004/LA77008LOGO)

This new standard, established by the International Auditing and Assurance Standards Board (IAASB) on June 15, 2011, assesses a data center's operational efficiencies and the processes performed on behalf of customers, particularly those processes that are relevant to financial reporting. The resulting report provides Level 3 data center customers and their auditors with a view of Level 3's financial processes and controls.

"The ISAE provides our customers and their shareholders with a report based on an international standard reporting system that provides transparency and simplification, and efficiently delivers all the information required for their internal auditing needs," said Gabriel del Campo, Level 3's senior vice president of Data Centers for Latin America. "The certification

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