Level 3 purchases AT&T divestiture assets
APRIL 4, 2007 -- The operating subsidiary of Level 3 Communications Inc. has purchased certain assets from AT&T Corp. that were ordered divested as a result of the merger between AT&T and SBC.
APRIL 4, 2007 -- The operating subsidiary of Level 3 Communications Inc. (search for Level 3) has purchased certain assets from AT&T Corp. that were ordered divested as a result of the merger between AT&T (search for AT&T) and SBC Communications Inc. The assets consist of indefeasible rights of use (IRUs) for dark fiber connections to over 200 buildings and more than 1,600 metro fiber route miles in six of the 11 markets where AT&T was required to divest certain assets.
Level 3 will acquire fiber assets in Detroit, Hartford, Kansas City, Milwaukee, San Francisco, and St. Louis. Level 3 will retain intermediate splice rights, which will enable it to add new buildings to the acquired assets.
"With over 25,000 metro fiber route miles and more than 6,500 on-net buildings, Level 3 is continuing to expand the reach of our network in metropolitan areas," said Kevin O'Hara, Level 3 president and COO. "The addition of these assets -- the majority of which are new to the Level 3 network -- builds on our expansive metro footprint and supports our enterprise business strategy by offering additional network access points and enhancing revenue opportunities in key markets."
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