Level 3 Communications has put together the pieces of what will be the new management team once it closes its pending $5.7 billion acquisition of tw telecom later this year. The new team will include a collection of executives from both Level 3 and tw telecom.
Interest in dark fiber has reemerged in telecom due to the escalating demands for business services and by wireless operators that need bigger backhaul pipes to keep up with the insatiable demand for wireless data.
tw telecom, which is in the process of merging with Level 3 Communications, is adding more power to its Las Vegas network by extending its presence into North Las Vegas and south into Spring Valley and Henderson.
When Level 3 completes its $5.7 billion acquisition of tw telecom later this year, five members of its top management team could get cash-and-stock payouts valued at $88 million, reports The Denver Post.
Level 3 Communications finally broke its purchasing silence this week, announcing its intent to acquire tw telecom for $5.7 billion, a deal that will immediately enhance its ability to serve an even larger group of U.S. and multinational enterprise customers.
Level 3 has reached an agreement to acquire tw telecom for about $5.7 billion in cash and stock, a deal that immediately enhances its growing enterprise services business.
tw telecom can now proceed with its latest network expansion into the Auburn, Washington market after the City Council granted the competitive provider a franchise agreement to build and operate a network along the city's rights of way, reports the Auburn Reporter.
tw telecom has been enlisted by national retailer Stein Mart to provide an IP VPN service connecting more than 270 stores and data centers.
Equinix continues to ramp up its Cloud Exchange, announcing that it has added GoGrid, a provider of open data services featuring purpose-built infrastructure for big data services.
tw telecom reported that first-quarter 2014 revenue rose 7.1 percent year-over-year to $408.3 million due to ongoing growth in its enterprise and data and Internet segments.