Level 3, Verizon share $1.8 bil. GSA deal

Verizon Communications and Level 3 Communications each won part of the General Services Administration's Washington Interagency Telecommunications Systems 3 contract, worth a total of $1.8 billion over several years. For Verizon, it's a contract extension, since the East Coast telco is the primary contractor on the current WITS contract, which will be up in January.

The deal seems like a bigger win for Level 3. Both carriers were authorized as contractors for the federal government's Networx upgrade project months ago, but Level 3 has been battling the M&A integration demons in the meantime. Any new revenue to help absorb those ongoing costs will help.

For more:
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