Level 3 Turns Free Cash Flow Positive

Level 3 Communications reported consolidated revenue of $874 million for Q3 compared to a projection of $865 million to $900 million. Free cash flow for the quarter increased to positive $40 million compared to negative $34 million in the previous quarter. The net loss for the third quarter was $0.38 per share, or $247 million. As a result of the company’s pending sale of the Midwest Fiber Optic Network, a non-core network asset acquired in the Genuity transaction, those operating results are included in discontinued operations.
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