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PI Physik Instrumente - Fast Steering Mirrors LW 16-30 MR

Level 3 Sells Subsidiary for $287M

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BROOMFIELD, Colo., July 21, 2006 -- Level 3 Communications Inc. announced yesterday that it will sell its wholly owned subsidiary, Software Spectrum, to Tempe, Ariz.-based information technology service provider Insight Enterprises Inc. for $287 million in cash. Level 3 Vice Chairman Charles C. Miller III said the company would use the proceeds of the sale of Software Spectrum, an information services provider, to pursue growth opportunities more closely related to its communications business. Level 3 provides Internet connectivity through its broadband fiber optic network and, through its Vyvx subsidiary, fiber optic and...Read full article

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    Published: July 2006
    Communicationsfiber opticsinformation technologyInsight EnterprisesLevel 3News & FeaturesSoftware SpectrumSubsidiary

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