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CenturyLink to Buy Level 3 Communications for $25 Billion October 31, 2016

Posted by Dominic Black in Uncategorized.
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CenturyLink and Level 3 Communications, Inc. today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt. Upon the closing of the transaction, CenturyLink shareholders will own approximately 51 percent and Level 3 shareholders will own approximately 49 percent of the combined company.

The combined company will have the ability to offer CenturyLink’s larger enterprise customer base the benefits of Level 3’s global footprint with a combined presence in more than 60 countries. In addition, the combined company will be positioned to further invest in the reach and speeds of its broadband infrastructure for small businesses and consumers.

“The digital economy relies on broadband connectivity, and together with Level 3 we will have one of the most robust fiber network and high-speed data services companies in the world,” said Glen Post, CenturyLink Chief Executive Officer and President. “This transaction furthers our commitment to providing our customers with the network to improve their lives and strengthen their businesses. It is this focus on providing fiber connectivity that will continue to distinguish CenturyLink from our competitors. CenturyLink shareholders will benefit from the significant synergies and financial flexibility provided by the combined company’s revenue growth and strong cash flow. For employees, this combination will bring together two highly customer-focused organizations and provide employees growth and advancement opportunities the companies could not offer separately.”

“This is a compelling transaction for our customers, shareholders and employees,” said Jeff Storey, President and Chief Executive Officer of Level 3. “In addition to the substantial value delivered to shareholders, the combined company will be uniquely positioned to meet the evolving and global needs of enterprise customers.”

Read the full press release here

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Broadsoft boosts cloud revenue and capability with VoIPLogic acquisition October 31, 2016

Posted by Matthew Townend in Uncategorized.
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Broadsoft announced today the acquisition of VoIPLogic, the American based Broadsoft wholesaler. VoIPLogic brings Broadsoft strong cloud capability and will provide a much-needed  boost to cloud revenues. VoIPLogic has been providing its customer with a cloud-based Broadsoft offering, and a strong professional services and operational capability.

As vendors such as Broadsoft and others move into the cloud having strong operational capability and credibility is crucial, as often these companies may have been developing platforms for service providers but often do not have the experience of running them at scale like an operator.

Taher Behbehano Chief Digital and Marketing Officer commented:

“We see that a large percent of data consumed by today’s business is through cloud services, which is why BroadSoft has become the go-to cloud transformation partner for service providers seeking to rapidly shift their legacy telecom infrastructure to a network capable of delivering enterprise cloud applications for mobile unified communication, team collaboration and customer engagement, VoIP Logic further strengthens our BroadCloud UCaaS solution portfolio, and the ability for our service provider customers to fully benefit from the cloud.”

Matt Townend Research & Consulting Director of Cavell commented:  “I believe this looks like a good acquisition for Broadsoft, because it will help increase its  cloud revenues, and more importantly brings increased operational and cloud know how to Broadsoft. As we see competitors to Broadsoft offering integrated Global offerings, Broadsoft needs to synthesise its  current global Broadcloud story and VoIPLogic can help in that”.