U.S. businesses’ burgeoning demand for data and video is fueling a revival in fiber optic services, an industry once decimated by overbuilding during the dotcom era. The recovery is leading to a number of acquisitions as the largest telecom companies duke it out with cable operators and telecom providers such as Level 3 Communications Inc to serve corporate customers. Level 3, a Colorado-based company which narrowly avoided bankruptcy in the early 2000s, put an exclamation point on its long climb back from near death with the $5.65 billion acquisition last week of tw telecom Inc – a merger which will connect 35,000 commercial buildings nationwide to its fiber network. The acquisition of tw telecom, a joint venture between US West and Time Warner founded in 1993, wasn’t the first such fiber oriented deal and won’t be the last, analysts and industry bankers said.
Business bandwidth demand lights up once dark fiber sector
25
Jun
2014
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