Level 3 Completes Purchase of AT&T Divestiture Assets
BROOMFIELD, Colo., April 4: Level 3 Communications, Inc. (NASDAQ:LVLT) today announced that its operating subsidiary has purchased certain assets from AT&T Corporation that were ordered divested 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.
Level 3 will acquire the divested fiber assets in Detroit, Hartford, Kansas City, Milwaukee, San Francisco and St. Louis. Under the terms of the agreement, Level 3 retains intermediate splice rights, which will enable it to add new buildings to the acquired assets.
"With over 25,000 metro fiber route miles and more than 6,500 on-net buildings, Level 3 is continuing to expand the reach of our network in metropolitan areas," said Kevin O'Hara, president and chief operating officer of Level 3. "The addition of these assets -- the majority of which are new to the Level 3 network -- builds on our expansive metro footprint and supports our enterprise business strategy by offering additional network access points and enhancing revenue opportunities in key markets."
About Level 3 Communications
Level 3 Communications, Inc. (NASDAQ:LVLT), an international communications company, operates one of the largest Internet backbones in the world. Through its customers, Level 3 is the primary provider of Internet connectivity for millions of broadband subscribers. The company provides a comprehensive suite of services over its broadband fiber optic network including Internet Protocol (IP) services, broadband transport and infrastructure services, colocation services, voice services and voice over IP services. These services provide building blocks that enable Level 3's customers to meet their growing demands for advanced communications solutions. The company's Web address is www.Level3.com.
"Level 3 Communications," "Level 3" and the Level 3 Communications logo are registered service marks of Level 3 Communications, LLC and/or its affiliates in the United States and/or other countries. Any other product and company names herein may be trademarks of their respective owners. Level 3 services are provided by wholly owned subsidiaries of Level 3 Communications, Inc.
Source: Level 3 Communications, Inc.
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Web site: http://www.level3.com/
