NEW YORK, Oct. 29, 2014 /PRNewswire/ -- Level 3 Communications Inc. (NYSE: LVLT) will replace Jabil Circuit Inc. (NYSE: JBL) in the S&P 500, and Jabil Circuit will replace TW Telecom Inc. (NASD: TWTC) in the S&P MidCap 400 after the close of trading on Tuesday, November 4. Level 3 Communications is acquiring TW Telecom in a deal expected to be completed soon pending final conditions.

Level 3 Communications operates as a facilities-based provider of a range of integrated communications services. Headquartered in Broomfield, CO, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Alternative Carriers Sub-Industry index.

Jabil Circuit provides electronic manufacturing services and solutions. Headquartered in St. Petersburg, FL, the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Electronic Manufacturing Services Sub-Industry index.

Following is a summary of the changes:

Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.

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