Tuesday, April 3, 2007

Level 3 Acquires Metro Fiber Divestiture Assets from AT&T

Level 3 Communications has purchased certain metro fiber assets from AT&T that were ordered divested as a result of the merger between AT&T and SBC Communications. These assets consist of indefeasible rights of use (IRUs) for dark fiber connections to over 200 buildings and more than 1,600 metro fiber route miles in six of the 11 markets where AT&T was required to divest certain assets.

Specifically, Level 3 will acquire the divested fiber assets in Detroit, Hartford, Kansas City, Milwaukee, San Francisco and St. Louis. Under the terms of the agreement, Level 3 retains intermediate splice rights, which will enable it to add new buildings to the acquired assets.


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