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Level 3 Communications Buys TW Telecom for $5.6 Billion

Level 3 Communications

Level 3 Communications has announced that they will be buying the former Time Warner Cable internet service for enterprise division (TW Telecom) for $5.6 billion ($7.3 billion with debt), further increasing their size and scope. Some news sites have made the mistake saying that Level 3 Communications is buying Time Warner Cable, which is simply not correct. TW Telecom was started as a joint venture between Time Warner Cable and US West which is now a part of Centurylink. However, TW Telecom has operated as an independent entity for quite some time and is publicly traded on the NASDAQ as TWTC. The deal is currently