Level 3 Buys AT&T AssetsLevel 3 Buys AT&T Assets

BROOMFIELD, Colo. -- Level 3 Communications, Inc. (Nasdaq: LVLT) today announced that its operatingsubsidiary has purchased certain assets from AT&T Corporation that wereordered divested as a result of the merger between AT&T and SBCCommunications Inc. The acquired assets consist of indefeasible rights ofuse (IRUs) for dark fiber connections to over 200 buildings and more than1,600 metro fiber route miles in six of the 11 markets where AT&T wasrequired to divest certain assets.

Level 3 will acquire the divested fiber assets in Detroit, Hartford,Kansas City, Milwaukee, San Francisco and St. Louis. Under the terms of theagreement, Level 3 retains intermediate splice rights, which will enable itto add new buildings to the acquired assets.

"With over 25,000 metro fiber route miles and more than 6,500 on-netbuildings, Level 3 is continuing to expand the reach of our network inmetropolitan areas," said Kevin O'Hara, president and chief operatingofficer of Level 3. "The addition of these assets -- the majority of whichare new to the Level 3 network -- builds on our expansive metro footprintand supports our enterprise business strategy by offering additionalnetwork access points and enhancing revenue opportunities in key markets."

Level 3 Communications Inc. (NYSE: LVLT)

AT&T Inc. (NYSE: T)