Displaying items by tag: fibre network

FCC approves CenturyLink’s $30bn acquisition of Level 3

Written on Sunday, 05 November 2017 13:31

US communications provider CenturyLink has completed its acquisition of US telecommunications and Internet service provider Level 3 Communications for an estimated $30 billion. The combination of CenturyLink and Level 3 creates a global network services company capable of providing customers a wide range of technology solutions over a secure fibre-rich network.

The US Federal Communications Commission (FCC) approved the merger on November 30. CenturyLink's network now connects more than 350 metropolitan areas with more than 100,000 fibre-enabled, on-net buildings, including 10,000 buildings in EMEA and Latin America. The combined company will compete against US telecom heavyweights AT&T and Verizon.

The combined company, with estimated pro forma revenue of $24 billion for the twelve months ended June 30, 2017 (excluding revenue related to CenturyLink's May 1, 2017, colocation business sale and including estimated intercompany eliminations and purchase accounting adjustments), anticipates that approximately 75 percent of its core revenue will come from business customers and nearly two-thirds of its core revenue will come from strategic services.

"CenturyLink is now poised to offer an expanded, robust portfolio of communications solutions focused on our customers' networking and IT services needs," said Glen F. Post III, CenturyLink's chief executive officer. "Our customers, from individual consumers to global enterprises, will benefit from our expanded, innovative network solutions, our complementary managed services and our highly talented workforce."

The acquisition is more like a merger, with CenturyLink shareholders getting 51 percent ownership and Level 3 stockholders 49 percent. CenturyLink remains headquartered in Monroe, La., with a key operational presence in Colorado and the Denver metropolitan area.

Following the acquisition, CenturyLink is now better positioned to offer a broader, innovative product portfolio of network solutions and advanced IT services designed to meet complex technology and threat protection needs.

The acquisition allows CenturyLink to deliver these solutions and services to enterprise, government, wholesale and consumer customers over a large-scale, fiber-rich global network. CenturyLink will also continue to invest in the reach and speeds of its broadband infrastructure for small businesses and consumers.

"Our goal is to be the world's best networking provider and we have the ability to achieve this as one company," said former Level 3 CEO Jeff Storey, now CenturyLink's president and chief operating officer. "CenturyLink is focused on providing a differentiated experience for our customers, while driving profitable growth and increasing free cash flow per share. Our scale and experience will enable us to deliver on behalf of our customers, employees and our shareholders."

Published in Finance

Lightpath has established direct international access to its expansive New York metro area fiber network. Through a connection to New Jersey Fiber Exchange’s neutral cable landing station meet-me room in Wall, New Jersey, Lightpath’s enterprise customers can now leverage its ultra-high bandwidth services for connectivity to key international destinations. New Jersey Fiber Exchange (NJFX) is the first Tier 3 carrier-neutral colocation facility that intersects where subsea cables from the United States, South NJFX LogoAmerica, Europe and the Caribbean meet.

Lightpath serves enterprises in the world’s largest business market. As its customers increasingly seek the fastest ultra-high speed connectivity to key international hotspots, the new connection established by Lightpath meets this need by bypassing carrier hotels and legacy backhaul solutions.

“As our customers’ businesses expand globally, they want to continue to use the Lightpath service that they know and trust,” said Dave Pistacchio, president, Lightpath. “Following our connection to the NJFX facility, we’re able to expand the universe of customers we can serve, helping them develop secure, reliable and high-speed connectivity to key media and financial destinations throughout the world.”

Lightpath’s 100% fiber New York metro area network spans more than 7,000 lit locations throughout the region. The company serves sectors with the most stringent data delivery requirements, necessitating direct international access for companies that want to maintain the highest levels of connectivity in and out of the region.

“Lightpath’s dominance in the region, close relationship with businesses and ubiquitous network enhance the value we’re able to offer to businesses throughout the globe that need the most direct local access to this market,” said Gil Santaliz, CEO of NJFX. “We look forward to enabling reliable, diverse connectivity options for Lightpath customers in a highly-secure, fortified facility that is as close to the edge as a network operator can get.”

The New Jersey Fiber Exchange 64,800-square-foot facility will go live in September 2016, at which time Lightpath’s services will be available via the new connection.

Published in Telecom Vendors