Level 3 Communications has a reputation for being one of the aggressive consolidators of the wireline service provider market, but CEO Jeff Storey told investors that the company has the right mix of assets and products to compete.
Alcatel-Lucent has struck a deal to sell LGS Innovations, its public sector subsidiary, to Madison Dearborn Partners and CoVant for $200 million as part of its ongoing shift to become a specialist in IP networking and broadband access.
Frontier's move to acquire AT&T's regional Connecticut operations, once known as Southern New England Telephone, for $2 billion immediately deepens the telco's presence in the Northeast part of the United States. When it completes the acquisition, Connecticut, New York, and Pennsylvania will become part of its new Northeast region.
Acquiring AT&T's Connecticut landline operations and integrating them into Frontier's business won't necessarily be a piece of cake, but it will be easier than what confronted the carrier when it acquired assets from Verizon, Frontier CEO Maggie Wilderotter said.
AT&T continues to move out of the wireline business. The carrier today announced that it would sell its ILEC operations in Connecticut--including 900,000 voice customers, 415,000 broadband customers and 180,000 U-verse video subscribers--to Frontier for $2 billion.
C Spire is making a big splash in the cloud services market by reaching a deal to acquire Mobile, Ala.-based Callis Communications, a provider of cloud-based unified communications as a service (UCaaS) solutions for businesses.
TPG Telecom, a Australia-based competitive telco, has reached a deal to acquire AAPT from Telecom New Zealand for US$419 million, reports ZDNet Australia.
Dimension Data, an NTT subsidiary that provides ICT services and solutions, is enhancing its reach into Europe by striking a deal to acquire NextiraOne in a two-part transaction. Financial terms of the acquisition were not revealed.
Windstream may still have work to do to integrate Paetec's assets into its fold, but CEO Jeff Gardner says that they are ready to begin searching for assets that would complement its growing enterprise service business.
Cincinnati Bell may be putting a greater emphasis on growing strategic business services such as Ethernet, but the telco can achieve its goals without making multimillion-dollar purchases, its chief financial officer told investors.