Posted By Rich Miller On May 1, 2006 @ 10:02 am In Supply and Demand | Comments Disabled
Level 3 said this morning that it will pay $1 billion to acquire TelCove , a broadband provider formed from the ruins of Adelphia that owns 22,000 miles of data-transmission lines serving 70 markets. In the past six months, Level 3 has now acquired WilTel Communications, Progress Telecom and ICG Communications.
What’s driving the growth and need for capacity? “Over 50% of the traffic on our network is video,” Level 3 Chief Executive James Crowe told the Wall Street Journal. “That is what’s driving traffic. It’s no different than the economy broadly. Broadband adoption is the enabler.”
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URL to article: http://www.datacenterknowledge.com/archives/2006/05/01/citing-video-demand-level-3-buys-telcove/
URLs in this post:
 pay $1 billion to acquire TelCove: http://today.reuters.com/investing/financeArticle.aspx?type=marketsNews&storyID=2006-05-01T113615Z_01_N01441753_RTRIDST_0_TELECOMS-TELCOVE-LEVEL3-UPDATE-1.XML
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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