Level 3 Completes Progress Telecom Acquisition

Level 3 Communications Inc. said today it has completed the approximately $137 million acquisition of Progress Telecom LLC, a wholesale network services company based in St. Petersburg, Fla. Level 3 paid total consideration of 19,695,793 unregistered shares of its common stock and $68.5 million in cash. The purchase price remains subject to adjustment for the […]

Notebaert: Qwest Scanning for M&A Options

Responding to questions about whether Qwest Communications International Inc. will need to merge with another company as its Bell brethren have done, Qwest CEO Richard Notebaert said Thursday company executives continue to scan the horizon for opportunities to merge with or acquire other companies. His comments were made at the companys Qwest Business Partner Program […]

ALLTEL to Expand Fiber Network

ALLTEL (Booth 310) is announcing the expansion of its fiber-optic network to include a PoP in Birmingham, Ala., in 2006. Birmingham is an expanding market that will fulfill network needs from Atlanta and Dalton, Georgia, as well as Memphis and Nashville, Tenn. ALLTELs existing network is comprised of 10,374 sheath miles, extending to 124 PoP […]

Playing for Profits: Games of Chance vs. Games of Skill

Posted: 6/2003 Playing for Profits: Games of Chance vs. Games of Skill Game Promotions: Playing By the Rules — Part 2 of 3 David O. Klein and Deena B. Burgess So, you have decided that a promotional tie-in would be a good marketing tool for your business. In order to offer the promotional tie-in, you […]

Cisco To Enter DWDM Market with Acquisition

Posted: 02/2000 Cisco To Enter DWDM Market with Acquisition Cisco Systems Inc. ( has agreed to acquire the optical systems business of Pirelli S.P.A., Milan, Italy. The purchase of Pirelli Optical Systems is Cisco’s first multibillion dollar acquisition in Europe and the equipment vendor’s first entry into the dense wave-division multiplexing (DWDM) market. The acquisition […]

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