Level 3 continued investments in infrastructure to become a world-class communications provider, and won the trust of the world's most sophisticated communications companies. In addition to ongoing construction, the company expanded its assets with the February 2003 acquisition of Genuity. Over the next few years, and through a major industry downturn, Level 3 pursued a strategy that focused on both the balance sheet and investing for the inevitable industry rebound. Level 3 won the confidence of investors, as the company raised more money than all other NexGen carriers combined; and also of customers, who made Level 3 one of the world's top three Internet traffic carriers.

Today, Level 3 Communications is one of only six Tier 1 Internet providers in the world. The company ranks as one of world's most connected Internet Service Providers (ISPs). And expanding assets have solidified the company's position as one of the largest IP transit networks in North America and Europe.