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.
Comcast's and Level 3's pending acquisitions of Time Warner Cable and TW Telecom could have a major effect on the status of the top U.S. Ethernet providers, reports Vertical Systems Group in its Mid-2014 U.S. Carrier Ethernet Leaderboard.
The FCC's Wireline Competition Bureau has gotten approval from the Office of Management and Budget (OMB) to move ahead with the process of reviewing data from ISPs and service providers on the state of the special-access market.
tw telecom, which is being acquired by Level 3 Communications, is expanding its Ethernet network to Philadelphia, giving local businesses access to the company's business Ethernet and intelligent network services.
tw telecom, which is being acquired by Level 3 Communications, reported that second-quarter 2014 revenues rose 7.8 percent to $419.7 million on strong enterprise and data and Internet segment growth.