Level 3 to Buy Communications Provider TelCove for $1B
A Reuters newswire article, via Yahoo! News, reports that:
Level 3 Communications Inc. said on Monday it agreed to buy privately-held TelCove Inc. for $1.08 billion in cash and stock in a deal that gives it an extended land-line network and wireless airwaves licenses.More here.
Level 3, which expects the deal to close in the third quarter, said it plans to join its long-distance network with TelCove's metropolitan and regional networks in key Eastern U.S. markets.
posted by Fergie @ 5/01/2006 06:27:00 AM
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