Level 3 Buys Progress Telecom For $137M
Matt Hines writes on eWeek:
Level 3 Communications announced that it has acquired Progress Telecom, a provider of wireless and land-line phone services in the Southeastern United States, for about $137 million in cash and stock.
Under the terms of the deal, Level 3 will pay $68.5 million in unregistered shares of its stock and $68.5 million in cash to Progress Energy and Odyssey Telecorp, the joint owners of Progress Telecom.
posted by Fergie @ 1/26/2006 10:28:00 AM
0 Comments:
Post a Comment
<< Home