Monday, October 31, 2005
WilTel and Level 3 - Much-needed Consolidation
Latest News and Financial Information | Reuters.com: "Telecommunications network provider Level 3 Communications Inc. (LVLT.0: Quote, Profile, Research) said on Monday it would buy competitor WilTel Communications in a deal valued at $680.5 million.
The combination aims to reduce some of the overcapacity that has plagued the wholesale network business since the crash of the 1990s telecommunications boom."
The combination aims to reduce some of the overcapacity that has plagued the wholesale network business since the crash of the 1990s telecommunications boom."
