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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (3388)	12/24/2002 5:28:49 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3873

U.S. regulators approve Level 3, Genuity deal BROOMFIELD, Colo., Dec 24 (Reuters) - Telecommunications network company Level 3 Communications <LVLT.O> on Tuesday said antitrust regulators gave the nod to its $242 million purchase of high-speed Internet services provider Genuity Inc. Level 3 said the statutory waiting period under the Hart-Scott-Rodino rule expired without opposition from regulators but it still needs additional clearance from the government and the bankruptcy court. Genuity filed for bankruptcy protection in November to facilitate the deal after it defaulted on its debt in July when its former parent, Verizon Communications <VZ.N>, decided not to rescue the money-losing company. 12/24/02 11:32 ET Copyright 2002 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. All active hyperlinks have been inserted by AOL.