Correction to Level 3-TW Telecom 5th Update

By Dow Jones Business News, 
A A A


"Level 3 to Buy TW Telecom for $5.7 Billion -- 5th Update," at 1:44 p.m. EDT, incorrectly stated how much Level 3 Communications Inc. has spent in acquisitions as well as how much it expects to save from its deal to buy TW Telecom. Level 3 has spent $25 billion, not $40 billion, in the past 15 years buying companies and building assets to string together 180,000 miles of fiber-optic cable bridging more than 60 countries. Meanwhile, Level 3 sees its deal with TW Telecom cutting costs by about $200 million a year, not $2.2 billion.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


  (END) Dow Jones Newswires
  06-16-141815ET
  Copyright (c) 2014 Dow Jones & Company, Inc.


This article appears in: News Headlines

Referenced Stocks: AMZN , CMCSA , CMCSK , LVLT , NFLX

Dow Jones Business News


More from Dow Jones Business News:

Related Videos

Stocks

Referenced

Most Active by Volume

56,834,794
    $15.52 unch
47,736,761
  • $94.72 ▲ 0.83%
41,992,984
  • $2.47 ▲ 11.76%
40,893,734
  • $34.7901 ▲ 2.14%
39,324,803
  • $69.27 ▼ 0.19%
39,276,613
  • $7.28 ▲ 2.68%
39,084,483
  • $44.83 ▼ 0.01%
33,527,212
  • $26.02 ▲ 0.15%
As of 7/22/2014, 04:03 PM