Telecommunications provider CenturyLink Inc has won U.S. antitrust approval for its purchase of Level 3 Communications Inc on condition that it sell certain assets, according to a court filing dated on Monday.
Gaming and hosting companies have been hit with a new kind of DDoS attack that could snowball without preventive steps, Level 3 Communications warned on Monday.
When Level 3 Communications completes its US$5.7 billion deal to acquire TW Telecom, the company will be a stronger competitor, focused on large business and government customers, executives from both companies said.
Level 3 Communication is buying TW Telecom for approximately US$5.7 billion [b] in an effort to boost its metropolitan footprint of fixed networks.
Twelve U.S. companies, including Internet service provider Level 3 Communications and BitTorrent, the company behind the popular peer-to-peer file-sharing protocol, have agreed to settle U.S. Federal Trade Commission charges that they falsely claimed to abide by an international data privacy framework.
Steve Jobs' death raised question about directions in technology this week while worries about the economy continue to put downward pressure on tech stocks, but for much of the industry it's been business as usual, especially for mergers and acquisitions.
With nearly $100 million in new funding, Internet2, the faster, better Internet reserved for research and education, has embarked on an upgrade that will boost backbone capacity to a staggering 8.8Tbps and expand services to hundreds of thousands of libraries, schools and medical centers.
Telecom infrastructure provider Level 3 Communications will acquire Global Crossing, which provides Internet Protocol-based networks and Ethernet services and runs data centers, in an all-stock deal.