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.
tw telecom is continuing with its northeast U.S. network expansion effort, announcing that it is expanding its network and product suite in the New York Hudson Valley and western Connecticut regions.
tw telecom, which is being acquired by Level 3 Communications, is adding more firepower to its existing network in San Diego by extending service into the various business parks located in Carlsbad.
Level 3 is moving to up the ante with competitors like AT&T by expanding its local fiber and on-net building footprint in Alpharetta, Ga., one of the Atlanta metro area's key technology hubs.