BROOMFIELD, Colo., Jan. 3, 2017 /PRNewswire/ -- Management from
Level 3 Communications, Inc. (NYSE: LVLT), along with CenturyLink
management, will present in a combined session at the Citi 2017
Internet, Media & Telecommunications Conference & Citi Tech
Forum on Jan. 4 in Las Vegas. The investor presentation will
begin at approximately 8:45 a.m.
PST.
Webcast information for investor presentations can be found on
Level 3's Investor Relations website at
http://investors.level3.com.
About Level 3 Communications
Level 3 Communications, Inc. (NYSE: LVLT) is a Fortune 500
company that provides local, national and global communications
services to enterprise, government and carrier customers. Level 3's
comprehensive portfolio of secure, managed solutions includes fiber
and infrastructure solutions; IP-based voice and data
communications; wide-area Ethernet services; video and content
distribution; data center and cloud-based solutions. Level 3 serves
customers in more than 500 markets in over 60 countries across a
global services platform anchored by owned fiber networks on three
continents and connected by extensive undersea facilities. For more
information, please visit www.level3.com or get to know us on
Twitter, Facebook and LinkedIn.
© Level 3 Communications, LLC. All Rights Reserved. Level 3,
Level 3 Communications, Level (3) and the Level 3 Logo are either
registered service marks or service marks of Level 3
Communications, LLC and/or one of its Affiliates in the United States and elsewhere. Any other
service names, product names, company names or logos included
herein are the trademarks or service marks of their respective
owners. Level 3 services are provided by subsidiaries of Level 3
Communications, Inc.
Forward-Looking Statement
Some
statements made in this press release are forward-looking in nature
and are based on management's current expectations or beliefs.
These forward-looking statements are not a guarantee of performance
and are subject to a number of uncertainties and other factors,
many of which are outside Level 3's control, which could cause
actual events to differ materially from those expressed or implied
by the statements. Important factors that could prevent Level 3
from achieving its stated goals include, but are not limited to,
the company's ability to: increase revenue from its services to
realize its targets for financial and operating performance;
develop and maintain effective business support systems; manage
system and network failures or disruptions; avert the breach of its
network and computer system security measures; develop new services
that meet customer demands and generate acceptable margins; manage
the future expansion or adaptation of its network to remain
competitive; defend intellectual property and proprietary rights;
manage risks associated with continued uncertainty in the global
economy; manage continued or accelerated decreases in market
pricing for communications services; obtain capacity for its
network from other providers and interconnect its network with
other networks on favorable terms; successfully integrate future
acquisitions; effectively manage political, legal, regulatory,
foreign currency and other risks it is exposed to due to its
substantial international operations; mitigate its exposure to
contingent liabilities; and meet all of the terms and conditions of
its debt obligations. Additional information concerning these and
other important factors can be found within Level 3's filings with
the Securities and Exchange Commission. Statements in this
presentation should be evaluated in light of these important
factors. Level 3 is under no obligation to, and expressly disclaims
any such obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events,
or otherwise.
Contact
Information
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Media:
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Investors:
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D. Nikki
Wheeler
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Mark
Stoutenberg
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+1
720-888-0560
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+1
720-888-2518
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Nikki.Wheeler@Level3.com
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Mark.Stoutenberg@Level3.com
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Forward-Looking Statements
Except for the historical and factual information contained
herein, the matters set forth in this release, including statements
regarding the expected timing and benefits of the proposed
transaction, such as efficiencies, cost savings, enhanced revenues,
growth potential, market profile and financial strength, and the
competitive ability and position of the combined company, and other
statements identified by words such as "will," "estimates,"
"expects," "projects," "plans," "intends" and similar expressions,
are forward-looking statements within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are subject to a
number of risks, uncertainties and assumptions, many of which are
beyond our control. Actual events and results may differ
materially from those anticipated, estimated or projected if one or
more of these risks or uncertainties materialize, or if underlying
assumptions prove incorrect. Factors that could affect actual
results include but are not limited to: the ability of the
parties to timely and successfully receive the required approvals
of regulatory agencies and their respective shareholders; the
possibility that the anticipated benefits from the proposed
transaction cannot be fully realized or may take longer to realize
than expected; the possibility that costs or difficulties related
to the integration of Level 3's operations with those of
CenturyLink will be greater than expected; the ability of the
combined company to retain and hire key personnel; the effects of
competition from a wide variety of competitive providers, including
lower demand for CenturyLink's legacy offerings; the effects of
new, emerging or competing technologies, including those that could
make the combined company's products less desirable or obsolete;
the effects of ongoing changes in the regulation of the
communications industry, including the outcome of regulatory or
judicial proceedings relating to intercarrier compensation,
interconnection obligations, access charges, universal service,
broadband deployment, data protection and net neutrality; adverse
changes in the combined company's access to credit markets on
favorable terms, whether caused by changes in its financial
position, lower debt credit ratings, unstable markets or otherwise;
the combined company's ability to effectively adjust to changes in
the communications industry, and changes in the composition of its
markets and product mix; possible changes in the demand for, or
pricing of, the combined company's products and services, including
the combined company's ability to effectively respond to increased
demand for high-speed broadband service; the combined company's
ability to successfully maintain the quality and profitability of
its existing product and service offerings and to introduce new
offerings on a timely and cost-effective basis; the adverse impact
on the combined company's business and network from possible
equipment failures, service outages, security breaches or similar
events impacting its network; the combined company's ability to
maintain favorable relations with key business partners, suppliers,
vendors, landlords and financial institutions; the ability of the
combined company to utilize net operating losses in amounts
projected; changes in the future cash requirements of the combined
company; and other risk factors and cautionary statements as
detailed from time to time in each of CenturyLink's and Level 3's
reports filed with the U.S. Securities and Exchange Commission (the
"SEC"). There can be no assurance that the proposed acquisition or
any other transaction described above will in fact be consummated
in the manner described or at all. You should be aware that
new factors may emerge from time to time and it is not possible for
us to identify all such factors nor can we predict the impact of
each such factor on the proposed transaction or the combined
company. You should not place undue reliance on these
forward‑looking statements, which speak only as of the date of this
document. Unless legally required, CenturyLink and
Level 3 undertake no obligation and each expressly disclaim
any such obligation, to update publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Additional Information
CenturyLink and Level 3 plan to file a joint proxy
statement/prospectus with the SEC. INVESTORS ARE URGED TO
READ THE JOINT PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE
BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. You will be able to
obtain the joint proxy statement/prospectus and the filings that
will be incorporated by reference in the joint proxy
statement/prospectus, as well as other filings containing
information about CenturyLink and Level 3, free of charge, at the
website maintained by the SEC at www.sec.gov. Copies of the
joint proxy statement/prospectus and the filings with the SEC that
will be incorporated by reference in the joint proxy
statement/prospectus can also be obtained, free of charge, by
directing a request to CenturyLink, 100 CenturyLink Drive,
Monroe, Louisiana 71203,
Attention: Corporate Secretary, or to Level 3, 1025 Eldorado
Boulevard, Broomfield, Colorado
80021, Attention: Investor Relations.
Participants in the Solicitation
The respective directors and executive officers of CenturyLink
and Level 3 and other persons may be deemed to be participants in
the solicitation of proxies in respect of the proposed transaction.
Information regarding CenturyLink's directors and executive
officers is available in its proxy statement filed with the SEC by
CenturyLink on April 5, 2016, and
information regarding Level 3's directors and executive officers is
available in its proxy statement filed with the SEC by Level 3 on
April 7, 2016. These documents
can be obtained free of charge from the sources indicated
above. Other information regarding the interests of the
participants in the proxy solicitation will be included in the
joint proxy statement/prospectus and other relevant materials to be
filed with the SEC when they become available. This
communication is not intended to and does not constitute an offer
to sell or the solicitation of an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act of 1933, as
amended.
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SOURCE Level 3 Communications, Inc.