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.
tw telecom has expanded its existing fiber network in Nashville, Tenn., a move that extends its network from the city's central business district to the west side of the Nashville International Airport.
tw telecom and DuPont Fabros Technology (DFT) have established a pact that will give DFT business customers a direct access to Amazon Web Services (AWS) cloud services suite.
tw telecom continues to make progress with its nationwide network expansion effort, making Utah's Salt Lake Valley the latest market to bring its services to both businesses and wholesale data center customers.