Level 3 Completes Their Acquisition Of Broadwing

Level 3 has expanded their broadband access footprint. Good news for Broadwing shareholders who get $8.18 of cash plus 1.3411 shares of Level 3 common stock for each share of their existing Broadwing common stock.

"The acquisition of Broadwing benefits Level 3 in two distinct areas," said Kevin O'Hara, president and chief operating officer of Level 3. "The integration of the Broadwing backbone presents significant synergy opportunities, and the expansion of the customer base provides strategic growth opportunities for us moving forward."

Level 3 went after Broadwing because of their business customers. The company derived over half of its' revenue from wholesale customers and the rest business customers who can help Level 3 expand their enterprise. Level 3 will absorb the 19,000 mile intercity fiber network that Broadwing built.