Level 3RSS

Level 3 spends $5.7bn on US network

Level 3 is spending $6.7bn on the deal

Networking specialist Level 3 Communications has agreed to make an acquisition move on US-focused enterprise networking firm tw telecom for $5.7bn. The deal values tw at approximately $7.3bn, including the assumption of approximately $1.6bn of net debt.

Privacy group points finger at telcos over GCHQ spying

Privacy International has filed complaints against leading telcos to the OECD

Pressure group Privacy International has filed formal complaints against several telcos for helping British spy agency GCHQ in its mass interception of data and voice traffic passing through undersea fibre optic cables.

Level 3 picks up Global Crossing in $3bn deal

The consolidation momentum in the telecom sector is increasing

International fibre network operator Level 3 Communications on Tuesday agreed to acquire rival carrier Global Crossing in a stock for stock transaction valued at approximately $3bn.

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