RealTime IT News

Level 3 Communications European Expansion Continues

Level 3 Communications Inc. has acquired BusinessNet Ltd., a leading London-based Internet Service Provider (ISP).

Terms of the stock deal were not released.

"The acquisition of BusinessNet significantly accelerates our entry into the UK market," said Colin Williams, Level 3 International's chief executive officer.

"Business Net has an established market within the London business community. Business Net understands both Internet technologies and the UK's competitive telecommunications market."

"Coupling Level 3's global reach, network capability and proven management team with our experienced staff, client base and services focused solely on the business community offers a unique opportunity to expand our London customer base to a global field. We are confident that, together with Level 3, we can revolutionize IP-based services in the UK," said Sydney O'Hara, chairman of BusinessNet.

Last September, Level 3 Communications acquired miknet Internet Based Services GmbH in Frankfurt, Germany. Williams said that like "miknet, BusinessNet shares Level 3's focus on bringing Internet service to business users."

Level 3 Communications is currently building the first international network optimized for Internet protocol technology. The network will include access in the United States, Europe, and Asia. Level 3 Communications has obtained leased access to cross-Atlantic cables and has joined with several telecommunications companies to build a cross-Pacific cable.