Level 3 Communications Mergers and Acquisitions Summary

Communications Company

Level 3 Communications has acquired 21 companies of its own, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 1 asset.

Level 3 Communications’ largest acquisition to date was in 2014, when it acquired TW Telecom for $5.7B. It’s largest disclosed sale occurred in 2006, when it sold Software Spectrum to Insight Enterprises for $287M. Level 3 Communications has acquired in 11 different US states, and 6 countries. The Company’s most targeted sectors include communications (72%) and software (15%).

Join Mergr and gain access to Level 3 Communications’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the communications sector.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity21
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 7
  • M&A Advisors 7

Level 3 Communications, Inc.

1025 Eldorado Boulevard,
Broomfield, Colorado 80021
United States,
(720) 888-1000
www.level3.com

Level 3 Communications, Inc. is a provider of local, national and global communications services to enterprise, government and carrier customers. Level 3’s portfolio of managed solutions includes fiber and infrastructure solutions, IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 Communications, Inc. was originally established in 1884 and is headquartered in Broomfield, Colorado.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.0/yr) # 21 - - - - - 21
vol $12.7B $12.7B
Sell (0.0/yr) # 1 - - - - - 1
vol $287M $287M
  22

Most Recent M&A

Company Date Value Type
Black Lotus Communications 2015-07-01 - Add-on Acquisition
San Francisco, California · www.blacklotus.net
TW Telecom, Inc. 2014-06-16 5.7B USD Add-on Acquisition
Littleton, Colorado · www.twtelecom.com
FibreSpan Limited 2012-09-27 - Add-on Acquisition
Southampton, United Kingdom
Global Crossing Ltd. 2011-04-11 3.0B USD Add-on Acquisition
Hamilton, Bermuda
Servecast Ltd. 2007-07-11 37M EUR Add-on Acquisition
Dublin, Ireland
Broadwing Communications LLC 2007-01-03 1.4B USD Add-on Acquisition
Austin, United States
Savvis - Content Delivery Network (CDN) Business 2006-12-26 135M USD Divestiture
Thousand Oaks, California
Software Spectrum, Inc. 2006-09-07 287M USD Divestiture
Garland, Texas · www.softwarespectrum.com
Looking Glass Networks, Inc. 2006-06-05 165M USD Add-on Acquisition
Oak Brook, Illinois
ICG Communications, Inc. 2006-05-31 - Add-on Acquisition
Englewood, Colorado
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 15 (71%) 12.3B (97%) - -
Software 3 (14%) 211M (2%) 1 (100%) 287M (100%)
Internet Software and Services 2 (10%) 172M (1%) - -
Technology Hardware 1 (5%) - - -
Total 21 $12.7B 1 $287M

By Geo

State/Country Buy Value Sell Value
United States 15 9.7B 1 287M
  Massachusetts 3 331M - -
  Colorado 2 5.7B - -
  California 2 135M - -
  Texas 1 122M 1 287M
  Virginia 1 30M - -
  Pennsylvania 1 1.2B - -
  Oklahoma 1 370M - -
  Kansas 1 34M - -
  Illinois 1 165M - -
  Florida 1 137M - -
United Kingdom 2 - - -
1 - - -
  Massachusetts 1 - - -
Bermuda 1 3.0B - -
Germany 1 - - -
Ireland 1 37M - -
Domestic 15 (71%) 9.7B (76%) 1 (100%) 287M (100%)
Cross-border 6 (29%) 3.0B (24%) - -
Total 21 $12.7B 1 $287M

Top M&A Advisors

Financial Deals
Morgan Stanley
2
Bank of America Merrill Lynch
2
J.P. Morgan Securities LLC
1
Legal Deals
Wilkie Farr & Gallagher LLP
3
Willkie Farr & Gallagher LLP
2

Deal Values

buy # Total
> $1B 4 $11.3B
$100M to $1B 6 $1.2B
< $100M 4 $190M
TOTAL $12.7B
Largest TW Telecom, Inc.
$5.7B (2014-06-16)
sell # Total
$100M to $1B 1 $287M
TOTAL $287M
Largest Software Spectrum, Inc.
$287M (2006-09-07)

M&A Connections

Deals %
Acquired from
PE Firm(s)
43%
3 43%
Strategic(s)
57%
4 57%
Divested to
Strategic(s)
100%
1 100%

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