Here are three other recent network news items worth checking out:
FiberLight is putting some money to work down in southern Florida. They've invested in an upgrade of 70% of their network there, which stretches from North Palm Beach all the way south to Doral. They've chosen Ciena's converged packet optical and packet networking gear to get the job done.
Up in the northeast, FirstLight Fiber has closed its purchase of G4 Communications. The transaction gives them both additional metro fiber and data center assets in New Hampshire, as well as additional overall scale. It's FirstLight's third completed purchase in three years or so in the region, following SegTel and Teljet.
And Level 3 took another important step toward closing the tw telecom deal and adding those 20,000+ on-net buildings to their inventory. They have a new $2B Tranche B term loan lined up, which will bear interest at LIBOR+3.5%. The cash will be used to fund the cash and debt refinancing needs of the tw telecom purchase, whose closing date seems likely to arrive sooner rather than later this quarter. Level 3 also says it now has all necessary approvals from the state PUCs.
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