Broadwing

 

Intelliverse Mourns Raveills Passing

Paul Raveill, vice president of wholesale services at Intelliverse, died Dec. 23. He was 49. Intelliverse said Raveill had been suffering for the past year from Sarcoidosis, a multiorgan disease, which attacks the organs when granulomas (masses of inflamed tissue or lumps) form and cause an abnormality. Because of the type of person Paul was, […]

Level 3 CEO: Provisioning Problems Affected Earnings

Level 3 Communications Inc. reported a net loss of $174 million, or 11 cents per share, during the third quarter of 2007, a slight improvement over the second quarters $202 million net loss. CEO James Crowe called the results disappointing. While we continued to grow core communications services revenues, and we did meet our guidance […]

Level 3 to Honor Broadwing Agent Contracts

Level 3s Craig Schlagbaum Level 3 Communications Inc. is putting the finishing touches on the integration of Broadwing Communications LLCs partners into its indirect channel program. Preliminary feedback indicates agents and resellers welcome the terms and conditions Level 3 has put together even though, as of press time, complete details were not available. Level 3 […]

News Briefs

Level 3 Communications Inc. has completed its $1.4 billion acquisition of Broadwing Corp. Broadwing, based in Austin, Texas, delivers data, voice and media platforms to enterprises and service providers over its 19,000-mile fiber network. Approximately half of Broadwings revenue comes from the wholesale market, with business customers comprising the remaining revenue. Level 3 also closed […]

Level 3 Completes Broadwing Acquisition

Level 3 Communications Inc. has completed its $1.4 billion acquisition of Broadwing Corp. Level 3 will pay consideration to Broadwing shareholders of $8.18 in cash plus 1.3411 shares of Level 3 common stock for each share of Broadwing common stock outstanding at closing. Level 3 will pay approximately $744 million of cash and issue approximately […]

The Last Supper?

Level 3 Communications Inc.s hunger for M&A seems to be satisfied with the $1.4 billion purchase of Broadwing Corp., with CEO James Crowe admitting as much in an October investor conference call. Were going to work hard to do what we have already taken on, he said, adding the companys appetite for further acquisitions is […]

COMPTEL Elects New Board Members

COMPTEL members elected new representatives to its board of directors at its annual meeting held at the COMPTEL PLUS Convention & Expo. The board also re-elected Sherm Henderson, president and CEO of Lightyear Network Solutions LLC, as its chairman. COMPTEL Chairman Sherm Henderson The association reelected three directors in the small-member category, including Ron Contrado, […]

Broadwing, CallTower Sign Distribution Agreement

Broadwing Communications LLC has signed a deal to allow its sales channels to distribute CallTower Inc.’s hosted voice and data services. The products target businesses needing disaster-proof communications options that include unified communications. “Our Broadwing partnership is part of our aggressive expansion of our distribution strategy to meet the growing market demand for innovative, disaster-proof, […]

XO: Selling Not in the Cards

On the same day Level 3 Communications Inc. committed to buying Broadwing Corp., XO Holdings Inc. said it will not sell its wireline division. For now. Industry experts have speculated for several months Level 3 would buy XO Communications. In August, Current Analysis Inc. analyst Brian Washburn told xchange magazine that XO Holdings Chairman and […]

Level 3 to Buy Broadwing for $1.4 Billion

Level 3 Communications Inc. said today that it agreed to buy Broadwing Corp. for $1.4 billion in cash and stock, nearly doubling its enterprise telecom business and deepening its wholesale position. “This provides significant value for investors beyond the obvious benefit of industry consolidation,” said Level 3 CFO Sunit Patel said during a conference call. […]

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