M&A Deal Summary |
|
|---|---|
| Date | 2006-01-26 |
| Target | Progress Telecom |
| Sector | Communications |
| Buyer(s) | Level 3 Communications |
| Sellers(s) | Progress Energy |
| Deal Type | Divestiture |
| Deal Value | 137M USD |
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| Category | Company |
|---|---|
| Founded | 1884 |
| Sector | Communications |
| Employees | 12,500 |
| Revenue | 8.2B USD (2015) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 21 |
| Sector: Communications M&A | 7 of 15 |
| Type: Divestiture M&A Deals | 3 of 4 |
| State: Florida M&A | 1 of 1 |
| Country: United States M&A | 8 of 15 |
| Year: 2006 M&A | 1 of 5 |
| Size (of disclosed) | 8 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-31 |
WilTel Communications Group
Tulsa, Oklahoma, United States WilTel Communications Group, Inc. is a delivers a comprehensive suite of voice, data, video and IP services over a next-generation fiber-optic network. |
Buy | $370M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-05-01 |
TelCove
Coudersport, Pennsylvania, United States TelCove LLC is a provider of metropolitan and regional communications services including transport, Internet access and voice services. |
Buy | $1.2B |
| Category | Company |
|---|---|
| Founded | 1925 |
| Sector | Utilities |
| Employees | 11,000 |
Progress Energy is a diversified energy company with more than 24,000 megawatts of generation capacity. Energy also includes non-regulated operations covering merchant generation, energy marketing, natural gas exploration, fuel extraction, rail services and broadband capacity.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Communications M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: Florida M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2006 M&A | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-03-04 |
Progress Rail
Albertville, Alabama, United States Progress Rail is a provider of rail and transit products and services throughout North America. |
Sell | $405M |
