WilTel Communications Group www.wiltel.com now a Level 3 company
Level 3 Communications, Inc. (Nasdaq:LVLT) announced on Dec 23rd, 2005 that it has completed its acquisition of WilTel Communications Group, LLC. As consideration, Level 3 has paid Leucadia National Corporation (NYSE: LUK) 115 million shares of Level 3 common stock and $386 million in cash.
The WilTel websites states: "The combined technical and service capabilities resulting from the acquisition of WilTel will help support and advance our customers’ transition to IP technology and the adoption of VoIP."
For Datacenters across America - including in the North East like CI Host, this is a value added bonus to their multi-year agreements on bandwidth contracts...
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