Wednesday, July 11, 2007

Level 3 buys online video delivery firm Servecast

(Reuters) - NEW YORK, July 11 - Telecommunications carrier Level 3 Communications Inc. said on Wednesday it had acquired Servecast Ltd., an Irish Internet and mobile video delivery company, for about $45 million in cash.



The deal follows a series of acquisitions by Level 3, which has a large metro fiber network, in an effort to expand in the online content delivery network business.


Read more at Reuters.com Mergers News

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