Level 3 Reports Revenue of $391 Million

Level 3 Communications reported revenue of $391 million for its Communications business, compared to $389 million for the previous quarter. Revenue for Level 3's information services business was $503 million compared to $494 million for the previous quarter. The net loss for the second quarter 2004 decreased to $63 million or $0.09 per share compared to a net loss for the previous quarter of $147 million or $0.22 per share.



During the quarter, the company announced two new consumer VoIP services aimed at cable operators, enhanced service providers, ISPs, IXCs and others who provide residential voice services to end-users: (3)VoIP Enhanced Local service, which is targeted towards customers who currently operate their own switching infrastructure, but want to deploy residential voice services cost effectively with minimal involvement in local interconnection issues; and HomeTone, which is a turnkey VoIP residential service offering local and long distance capabilities. http://www.level3.com