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Broomfield, Colo. – Fiber-optic network operator Level 3 Communications Inc. today said it had acquired some assets that AT&T Corp. was ordered to divest when it was purchased by SBC Communications.
No financial details were available.
Level 3 said it acquired indefeasible rights of use for dark fiber connections to more than 200 buildings and more than 1,600 metro fiber route-miles in Detroit, Hartford, Conn., Kansas City, Milwaukee, San Francisco and St. Louis.
Under the agreement, Level 3 retains intermediate splice rights, enabling it to add new buildings to the newly acquired lines.
Level 3 shares were up 6 cents at $6.06 in midday trading on the Nasdaq Stock Exchange.
