Level 3 is going to lay off some employees as it continues to move forward with integrating tw telecom into its fold.
With its acquisition of tw telecom now complete, Level 3's focus in 2015 will be on integrating those assets into its fold, but that does not mean that it's ruling out pursuing new deals.
Level 3 Communications says that software defined networking (SDN) and network functions virtualization (NFV) have become a big part of its network DNA to enable customers to dynamically provision and manage their service experience.
Level 3's momentum in providing network services to large business customers continued to bode well in the fourth quarter as Core Network Services (CNS) rose to $1.49 billion, easing ongoing declines in its wholesale business.
Level 3's overall wholesale business revenues may be gradually declining every quarter, but it sees a bright spot in the dark fiber business, a company executive told investors.
Now that Level 3 has completed its acquisition of tw telecom, the next phase of the deal comes as the service provider begins integrating the former's operations into its own fold. Jack Waters, CTO of Level 3, recently talked with Sean Buckley, senior editor of FierceTelecom, about the value the tw telecom assets bring to his company.
Level 3 has completed its acquisition of tw telecom, creating a company that will have a deeper domestic and global footprint to serve multi-site businesses.
Level 3 Communications cleared two major decisions in its move to acquire tw telecom, announcing that both the FCC and the stockholders of both companies have approved its acquisition of the competitive provider.
Level 3 has gotten commitments from its lenders to increase its borrowing power under its secured credit facility through a new $2 billion Tranche B 2022 Term Loan, part of which will finance the cash portion of its acquisition of tw telecom.
tw telecom, which is in the process of being purchased by Level 3, has added Minneapolis-St.Paul and Phoenix as the two latest stops on its ongoing network expansion effort.