Reginal Thomas
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Level 3 Buys TW Telecom for $5.64 Billion


Level 3 Communications Inc announced it was buying TW Telecom, a internet service provider. Level 3 is buying TW Telecom for $40.86 per share in cash in or to expand its commercial fiber network in U.S. markets. The deal is valued at $5.64 billion. According to the terms of the deal TW Telecom stockholders will receive $10 in cash and 0.7 shares of Level 3.