CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES
UNITED STATES
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): March 14, 2007
Level 3 Communications, Inc.
(Exact name of Registrant as specified in its charter)
Delaware 0-15658 47-0210602
(State or other (Commission File (IRS employer
jurisdiction of incorporation) Number) Identification No.)
1025 Eldorado Blvd., Broomfield, Colorado 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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure
On March 14, 2007, Level 3 Communications, Inc. ("Level 3") issued the following
summary of certain financial information at Level 3's 2007 Analyst and Investor
Conference. The furnishing of this information shall not be deemed an admission
as to the materiality of the information included in this Form 8-K. This
information is not filed but is furnished to the Securities and Exchange
Commission pursuant to Item 7.01 of Form 8-K.
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$ Millions 2006 2007E 2008E-2010E
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Core Services Revenue $1,973 $3,700(1) 15% to 17% CAGR
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Other Revenue $445 $265(1) (25%) to (30%) CAGR
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SBC Contract Revenue $893 $200(1) Contract Expires in 2009
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Communications Revenue $3,311 $4,025-$4,305 NA
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Communications Gross Margin (%) 56% Apprx. 60% 60% - 65%
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Communications SG&A (% of 35% Apprx. 40% 30%-35%
revenue)
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Capital Expenditures $392 $600-$650 12% to 14% of revenue
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Consolidated Adjusted EBITDA $682 $890(1) 2008 expected to be $1.15B
to $1.3B
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(1) Represents midpoint of guidance provided on February 8, 2007
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, hereunto duly authorized.
Level 3 Communications, Inc.
By: /s/ Neil J. Eckstein
Neil J. Eckstein, Senior Vice President
Date: March 14, 2007