Level 3 Announces Executive Appointments

Level 3 Communications appointed Sunit S. Patel as group vice president and said it anticipates that he will succeed Sureel Choksi as CFO in May 2003. Patel was formerly CFO of Looking Glass Networks. Prior to co-founding Looking Glass, Patel was Treasurer of MCI WorldCom, WorldCom and MFS Communications from 1994 to March 2000. Sureel Choksi, Level 3 current CFO, will chair a group of senior executives charged with improving the company's ability to develop and deploy new services. Separately, Level 3 reaffirmed its previously stated financial guidance and said it was on track to achieve positive free cash flow during the second quarter of 2004.
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