Verizon's proposed $1.8 billion acquisition of XO Communications-- a deal that will deepen its fiber and millimeter wave wireless spectrum holdings for future 5G wireless deployments-- has hit a speed bump as the FCC has asked the two service providers for additional information.
Enginuity Communications has acquired Pulse Communications assets in a deal that will broaden its Ethernet and SONET product portfolios. Financial terms of the acquisition were not revealed.
According to a new report, Level 3 is exploring strategic alternatives, and Comcast may be interested in purchasing the company. A Level 3 spokesperson said the company doesn't comment on "rumors or speculation," and a Comcast representative didn't immediately respond to questions on the topic.
Current XO Communications business services customers that want to continue using its Ethernet over Copper services after Verizon takes over the company's assets may be able to do so-- depending on several factors. That's according to a Verizon filing with the FCC that addresses how it will deal with legacy infrastructure following the acquisition.
Texas-based enterprise fiber voice and data provider Logix has been officially acquired by Astra Capital Management, a D.C.-based equity firm co-founded by Grande Communications veteran Matt Murphy. The deal, announced in November, closed this week.
Polycom has struck a deal to be acquired by private-equity firm Siris Capital for $2 billion, abandoning its previously announced agreement with Mitel.
Zayo Group's ongoing network buildout via acquisitions and organic builds, intended to satisfy its growing customer base, will also enable it to grow its top line annual revenue, says Wells Fargo in a research report.
Oak Hill Capital is acquiring Oxford Networks, a fiber-based provider serving Maine, New Hampshire and Massachusetts, reflecting the ongoing consolidation of the competitive provider market in the Northeast.
Equinix has completed the sale of eight European data center assets to Digital Realty for $874 million, fulfilling a mandate by the European Commission to gain approval of its Telecity Group acquisition.
Bell Canada's pending acquisition of Manitoba Telecom Services overcame a major hurdle this week as MTS shareholders have voted 99.6 percent in favor of the deal.