Monday, October 15, 2007

Level 3 Acquires BellSouth Assets Divested by AT&T

Level 3 Communications completed its acquisition of certain assets from AT&T that were divested as a result of the merger between AT&T and BellSouth. The acquired assets consist of indefeasible rights of use (IRUs) for dark fiber connections to 27 buildings as well as more than 450 metro fiber route miles in the nine markets where AT&T was required to divest assets.

Level 3 has acquired divested fiber assets in Atlanta; Birmingham, Ala.; Charlotte, N.C.; Chattanooga, Tenn.; Jacksonville, Fla.; Knoxville, Tenn.; Nashville, Tenn.; Orlando, Fla.; and South Florida. Under the terms of the agreement, Level 3 retains intermediate splice rights, which will enable it to add new buildings to the acquired assets.

See also