M&A Deal Summary

Level 3 Communications Acquires TW Telecom

On June 16, 2014, Level 3 Communications acquired communications company TW Telecom for 5.7B USD

Acquisition Highlights
  • This is Level 3 Communications’ 14th transaction in the Communications sector.
  • This is Level 3 Communications’ largest (disclosed) transaction.
  • This is Level 3 Communications’ 14th transaction in the United States.
  • This is Level 3 Communications’ 2nd transaction in Colorado.

M&A Deal Summary
Date 2014-06-16
Target TW Telecom
Sector Communications
Buyer(s) Level 3 Communications
Deal Type Add-on Acquisition
Deal Value 5.7B USD
Advisor(s) Evercore Group (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

TW Telecom

Littleton, Colorado, United States
TW Telecom, Inc. provides managed network services in the United States. The company specializes in business Ethernet, data networking, converged, Internet protocol (IP) based virtual private network (IP VPN), Internet access, and voice, including voice over IP (VoIP), as well as network security services.

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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 20 of 21
Sector (Communications) 14 of 15
Type (Add-on Acquisition) 16 of 17
State (Colorado) 2 of 2
Country (United States) 14 of 15
Year (2014) 1 of 1
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-27 FibreSpan Limited

Southampton, United Kingdom

FibreSpan is a UK-based network carrier specializing in dark fiber and ultra-high bandwidth "fiber-to-door" connectivity services for media companies in Central London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Black Lotus Communications

San Francisco, California, United States

Black Lotus Communications is a provider of global Distributed Denial of Service (DDoS) mitigation services.

Buy -
Mergr

Product

Company

Legal