July 30, 2007
Prospector
Profile
07.1123
 
Level 3 Communications, Inc. NAICS 513310
1025 Eldorado Blvd. Broomfield, CO 80021 Description Telecommunications
(720) 888-1000 Employees 7400
http://www.level3.com/ Revenue (mil) 3378.0000
  Income (mil) -744.0000
  Assets (mil) 9994.0000
  Liability (mil) 9620.0000
  (for the year ended 2006-12-31)
 
Category: Loss/Deficit
 
Event: Level 3 Communications, Inc. reported net loss for the second quarter 2007 was $202 million, compared to a net loss of $647 million for the previous quarter. Included in the net loss for the first quarter 2007 was a $427 million loss on the extinguishment or refinancing of long-term debt. Consolidated revenue was $1.052 billion for the second quarter 2007, compared to consolidated revenue of $1.056 billion for the first quarter 2007.
 
Intellectual Property: The Company has developed an extensive patent portfolio, consisting of approximately 800 patents and patent applications filed in the United States and around the world. Its patent portfolio includes patents filed in each of the last three decades covering technologies ranging from data and voice services to content distribution to transmission and other networking equipment. [SEC Filing 10-K 03-01-07]
 
Description: The Company is a facilities-based provider of integrated communications services. The Company has created the Level 3 Network, an advanced, international, facilities-based communications network.
 
Officers: Walter Scott, Jr. (Chair); James Q. Crowe (CEO & Dir.); Kevin J. O’Hara (Pres. & COO); Charles C. Miller, III (Vice Chair & EVP); Thomas C. Stortz (EVP, Chief Legal Officer & Sec.); Sunit S. Patel (Group VP & CFO); Eric J. Mortensen (SVP & Controller); Admiral James O. Ellis, Jr. (Dir.); Richard R. Jaros (Dir.); Robert E. Julian (Dir.); Arun Netravali (Dir.); John T. Reed (Dir.); Michael B. Yanney (Dir.); Dr. Albert C. Yates (Dir.)
 
Auditor: KPMG LLP
 
Securities: Common Stock-Symbol LVLT; NasdaqGS; 1,521,501,829 common shares outstanding as of February 3, 2007. 10.75% senior notes due 2014; 10% senior convertible notes due 2011; 11.5% senior notes due 2010; 12.25% senior notes due 2013; floating rate senior notes due 2011.
 
 
 
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