Covad Communications - COVD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Covad Communications - COVD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: rrufff	5/2/2006 9:46:54 PM
	of 10485

Level 3 buying TelCove Tuesday May 2, 12:07 pm ET Level 3 Communications Inc. has signed a deal to buy telecommunications services provider TelCove Inc. for more than $1.2 billion. The deal includes $637 million in Level 3 shares, $445 million in cash and the assumption of $156 million in debt. Privately held TelCove's network includes 22,000 local and long-haul route miles serving 70 markets, including Nashville. The Pennsylvania-based company has annual revenue of about $390 million. Broomfield, Colo.-based Level 3 (NASDAQ: LVLT - News) is a communications and information services provider, operating a national broadband fiber optic network. TelCove was once known as Adelphia Business Solutions and was part of Adelphia Communications. Since 2004, the company has been majority-owned by Bay Harbour Management. Published May 2, 2006 by the Nashville Business Journal

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next