Latest Level 3 targets: AboveNet and XO?

Are AboveNet and XO Communciations next on Level 3's shopping list?

Noting that Level 3 is likely to continue its acquisition spree, Light Reading offers some informed speculation about potential targets. Citing a "reliable source familiar with the talks," LR says that AboveNet and XO Communications are the leading canddiates to be scarfed up by Level 3. Light Reading's anonymous source, which it describes as "a telecom industry insider who has been correct on such matters in the past," says AboveNet is all but a done deal and that XO Communications is also a possibility. See our Level 3 archive for more on its recent buying spree.