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  1. #1
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    15,028

    Level 3 and tw telecom Make It Official

    Level 3 and tw telecom chose Halloween 2014 to complete the deal they struck back in June. It’s a done deal, and now the integration begins in earnest.
    At least this probably won’t be as big of a disruption to folks in terms of layoffs as in the past. It’s unlike past deals by Level 3 which were so often about putting the same revenues on a lower cost infrastructure and combined workforce as the company tried to grow into its debt. Genuity, Wiltel, Broadwing, and Global Crossing aren’t the template for the tw telecom integration.

    This is the first deal by Level 3 that they didn’t need to do for desperately needed scale, but rather for growth opportunities. Hence, while there will certainly be some headcount reductions on the administrative side, the integration focus will be on a) not screwing up things that are already working, and b) getting more out of the assets than either could have individually.

    Whether they can pull that off or not is next year’s story, or should I say ‘Storey’ haha. The new Level 3 now has fiber into some 30,000 on-net buildings and towers, and few weak spots anywhere in the US in their metro fiber coverage of Tier 1 and 2 markets. Some may match the breadth of their reach, and others have more depth in some places, but nobody has both – incumbents included. If they get it right, strong organic growth should ensue. But it will be a big job, one which we won’t see the real fruits of until 2016 rolls around even if they succeed.

    Level 3 is likely to be quiet for a while on M&A in the US, there’s just no prize out there that’s worth potentially screwing up the integration task they face. The only possibilities are therefore overseas, either in Europe or South America. I still think Colt is the best fit, especially in light of the tw telecom deal.
    http://www.telecomramblings.com/2014...make-official/

  2. #2
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    15,028

    Level 3 Completes Acquisition of tw telecom

    Combined Enterprise Value of $27 Billion Creates a Stronger Competitor to Deliver Significant Customer Benefits
    BROOMFIELD, Colo., Oct. 31, 2014 /PRNewswire/ — Level 3 Communications, Inc. (NYSE:LVLT, news, filings) announced it completed its acquisition of tw telecom. The transaction further positions the company as a global leader in the rapidly evolving business communications market.

    The combined company provides enterprise, government and carrier customers around the world with one of the most comprehensive product portfolios in the industry, supported by its global network and deep metro footprint across North America.

    “Level 3 is helping customers migrate to the next wave of technology,” said Jeff Storey, president and CEO of Level 3. “We know our customers’ needs are changing, and by bringing together these two great, customer-focused companies, we are taking the next step in the evolution of Level 3 and bringing us closer to realizing our vision of being the trusted connection to the networked world.

    “The combination of tw telecom’s rich metro footprint with Level 3′s global network, positions the company to provide local-to-global business solutions and deliver a world-class customer experience,” Storey continued.

    Powerful Competitor in the Enterprise Market

    The combination of Level 3 and tw telecom:

    • Enables a higher quality and more reliable on-net experience for customers doing business in North America or expanding into North America from regions such as Europe, Middle East and Africa (EMEA) and Latin America, including access to triple the number of on-net buildings.
    • Provides access to the combined product portfolio, targeted at helping companies manage their growth in an efficient and secure manner.
    • Addresses the ever-changing threat landscape — both companies built their networks with security and flexibility in mind.
    • Boosts Level 3′s enterprise revenue in North America from approximately 65 percent to 70 percent of the region’s total revenue.
    • Doubles the company’s salesforce in North America to provide excellent customer service and reach.


    Transaction Details

    tw telecom stockholders are receiving $10 of cash and 0.7 shares of Level 3 common stock for each share of tw telecom common stock owned. tw telecom’s common stock will cease trading on NASDAQ as of market close on Oct. 31, 2014, and will no longer be listed on NASDAQ.

    Combined Company Facts

    • Fiber networks with reach toNorth America,Latin America, EMEA and theAsia-Pacific region.
      • More than 200,000 route miles globally, including extensive undersea facilities (33,000 subsea route miles).

    • Services reaching more than 60 countries across six continents.
    • Approximately 30,000 buildings connected to the network in the United States.
    • More than 50,000 customers worldwide.
    • More than 13,000 employees globally.


    Both Companies Represented on Board of Directors

    The company’s board of directors includes members of tw telecom and Level 3′s boards, including James O. Ellis, Jr. (Chairman), Jeff K. Storey, Kevin P. Chilton, Archie R. Clemins, Steven T. Clontz, Irene M. Esteves (tw telecom board), T. Michael Glenn, Spencer B. Hays (tw telecom board), Michael J. Mahoney, Kevin W. Mooney (tw telecom board), Peter Seah Lim Huat and Peter van Oppen.

    Level 3 Earnings

    Level 3 will report third quarter 2014 results on Wednesday, Nov. 5, 2014, and the company plans to discuss third quarter 2014 earnings results for both Level 3 and tw telecom during the call. The call will be broadcast live on Level 3′s Investor Relations website at http://investors.level3.com at 10 a.m. ET on Nov. 5.

    Additional information regarding the third quarter 2014 results, including the presentation management will review on the conference call, will be available on Level 3′s Investor Relations website. Investors unable to join the call via the Web can access the call at +1 877-283-5145 (U.S. Domestic) or +1 312-281-1200 (International).
    http://newswire.telecomramblings.com...on-tw-telecom/

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