Will Level 3 Buy Broadwing Next?
Om Malik of GigaOm has broken quite a few major stories in the telecom sector in recent months. Om says another bandwidth deal is in the works:
My sources tell me that within weeks Level 3 will make a play for Broadwing. Using the same metrics as WilTel, the price for Broadwing could be around $500 million, and the deal could come before Thanksgiving.
You remember Broadwing? Yep, the “beautiful network” with the wacky commercials with Dennis Hopper.
Om also notes that October was the best month ever for the GigaOm blog, with 4.6 million page-views and 81 gigabytes of data transfer. Fifty-one percent of that traffic is from RSS. Om is providing a compelling example of how “stand-alone journalists” are making an impact and making a living on their craft.