Level 3 purchases divested assets of AT&T.
TELECOMWORLDWIRE-5 April 2007-Level 3 purchases divested assets of AT&T(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Level 3 Communications Inc (Nasdaq: LVLT), a communications company, announced on Wednesday (4 April) that the company's operating subsidiary has purchased certain assets from AT&T Corporation (NYSE:T).
These assets were reportedly ordered divested from AT&T as a result of the merger between AT&T and SBC Communications Inc.
The acquired assets consist of indefeasible rights of use (IRUs) for dark fiber connections to over 200 buildings and more than 1,600 metro fiber route miles in six of the 11 markets where AT&T was required to divest certain assets. These include divested fiber assets in Detroit, Hartford, Kansas City, Milwaukee, San Francisco and St. Louis, which Level 3 will acquire.
Under the terms of the agreement, Level 3 retains intermediate splice rights, which will enable it to add new buildings to the acquired assets.
Financial details of the acquisition were not available.
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|Date:||Apr 5, 2007|
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