SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report(Date of earliest event reported): February 17, 2000 Level 3 Communications, Inc. (Exact name of Registrant as specified in its charter) Delaware 47-0210602 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 1025 Eldorado Blvd. 80021 (Address of principal executive offices) (Zip code) 720-888-1000 (Registrant's telephone number including area code) Not applicable (Former name and former address, if changed since last report) Item 5. Other Events On February 17, 2000, Level 3 Communications, Inc. ("Level 3") issued a press release relating to the execution of an agreement between subsidiaries of Level 3 Communications, Inc. and subsidiaries of Global Crossing Ltd. ("Global Crossing") whereby Global Crossing will acquire a 50 percent ownership interest in the previously announced Level 3 transatlantic fiber optic cable that is currently under construction by Level 3. Level 3 also announced an agreement to acquire capacity on Global Crossing's transatlantic cable Atlantic Crossing 1 (AC 1). This press release is filed as Exhibit 99.1 to this Current Report and incorporated by reference as if set forth in full. Item 7. Financial Statements and Exhibits (a) Financial Statements of business acquired None (b) Pro forma financial information None (c) Exhibits 99.1 Press Release dated February 17, 2000 related to execution of agreement with Global Crossing, Ltd. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Level 3 Communications, Inc. February 18, 2000 By: /s/ Neil J. Eckstein - ----------------- ------------------------------------- Date Neil J. Eckstein, Vice President