M&A Deal Summary

Level 3 Communications Acquires Sprint - Wholesale Dial Internet Access Business

On October 1, 2004, Level 3 Communications acquired communications company Sprint - Wholesale Dial Internet Access Business from Sprint for 34M USD

Acquisition Highlights
  • This is Level 3 Communications’ 5th transaction in the Communications sector.
  • This is Level 3 Communications’ 13th largest (disclosed) transaction.
  • This is Level 3 Communications’ 6th transaction in the United States.
  • This is Level 3 Communications’ 1st transaction in Kansas.

M&A Deal Summary
Date 2004-10-01
Target Sprint - Wholesale Dial Internet Access Business
Sector Communications
Buyer(s) Level 3 Communications
Sellers(s) Sprint
Deal Type Divestiture
Deal Value 34M USD

Target

Sprint - Wholesale Dial Internet Access Business

Overland Park, Kansas, United States
Sprint's Wholesale Dial Internet Access Business is a provides dial IP services to its enterprise and small-business customers as part of its remote access service product offering.

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Buyer(S) 1

Buyer

Level 3 Communications

Broomfield, Colorado, United States
Category Company
Founded 1884
Sector Communications
Employees12,500
Revenue 8.2B USD (2015)
DESCRIPTION
Level 3 Communications' corporate headquarters in Broomfield, Colorado.
Level 3 Communications' corporate headquarters in Broomfield, Colorado.

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 9 of 21
Sector (Communications) 5 of 15
Type (Divestiture) 1 of 4
State (Kansas) 1 of 1
Country (United States) 6 of 15
Year (2004) 1 of 1
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-24 Telverse Communications

Dulles, Virginia, United States

Telverse Communications, Inc. is an IP-based voice and data services through resellers that offer managed communications services to enterprise customers.

Buy $30M
FOLLOWING DEAL
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

Seller(S) 1

SELLER

Sprint

Overland Park, Kansas, United States
Category Company
Founded 1899
Sector Communications
Employees36,000
Revenue 33.3B USD (2018)
DESCRIPTION
Building on Sprint's corporate campus in Overland Park, Kansas.
Building on Sprint's corporate campus in Overland Park, Kansas.

Sprint is a provider of wireless and wireline communications services for consumers, businesses and government users. In addition to the Sprint brand, Sprint offers its services through Virgin Mobile USA, Boost Mobile, and Assurance Wireless.

DEAL STATS #
Overall 1 of 4
Sector (Communications) 1 of 4
Type (Divestiture) 1 of 2
State (Kansas) 1 of 2
Country (United States) 1 of 4
Year (2004) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-04 Virgin Mobile USA

Warren, New Jersey, United States

Virgin Mobile USA is a US prepaid wireless voice, messaging, and mobile broadband service provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-11 US Unwired

Lake Charles, Louisiana, United States

US Unwired, Inc. is a provider of wireless telecom services to markets in the US.

Buy $1.3B
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