Level 3 Communications Inc. has completed its acquisition of Looking Glass Networks Inc.
Level 3 paid Looking Glass security holders approximately 21.3 million unregistered shares and $8.7 million in cash. The wholesale carrier also repaid $67 million of outstanding Looking Glass debt.
Level 3 will add Looking Glass to its recently announced Metro Services business unit. Looking Glass, based in Oak Brook, Ill., provides data transport services that include SONET/SDH, Wavelength and Ethernet, and dark fiber and carrier-neutral colocation.
“Completing this acquisition is another milestone for Level 3 in the expansion of our capabilities to offer more services in more markets,” said Kevin O’Hara, president and COO of Level 3.
Level 3 Communications Inc. www.level3.com
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October 15 2018 @ 20:26:22 UTC