TW Telecom

tw telecom Inc.
Industry Telecom
Fate Acquired by Level 3 Communications
Level 3 acquired by CenturyLink
Founded 1993
Headquarters Lone Tree, Colorado, United States
Website www.twtelecom.com/ Edit this on Wikidata

TW Telecom (styled tw telecom), was a business telecommunications company headquartered in Littleton, Colorado, United States. The company provided business voice services, transport, Internet, data services and wholesale fiber capacity. It was an early leader in the deployment of Ethernet for metropolitan areas, dubbed Metro Ethernet. The company was acquired by Level 3 Communications on November 1, 2014.[1] Exactly three years later, CenturyLink acquired Level 3 Communications on November 1, 2017.[2]

History

Founded in 1993 as Time Warner Communications, the company was a joint venture between US West and Time Warner Cable a division of Time Warner Entertainment, to deliver telephone services over a hybrid fiber and coaxial network. The company was successful in their efforts, but at the time the cost to build fiber directly to consumer's homes proved too expensive to be profitable. In the mid-1990s the company evolved into a "carriers carrier" selling "dark fiber" capacity to other telecom and Internet providers to supplement their networks.

The company played a role in growth of the Internet as it built and assembled a national fiber network. Management realized that to continue to grow it needed to offer communication solutions alongside its wholesale network offerings.

In July 1998, Time Warner Communications became a separate entity and was reorganized into Time Warner Telecom LLC. In May 1999, the company made an initial public offering. In 1997, the company began delivering communications services to medium and large business customers, carriers and governmental entities. In March 2003, the company introduced Metro Ethernet services, an expansion of the Ethernet model of building-wide communications networks. The metro capability basically expanded the use of Ethernet across a city or region allowing for seamless connectivity of locations that were on the same network ring. This capability enabled the company to offer advanced Internet, data and voice services.[3]

In July 2006, Time Warner Telecom acquired Xspedius Communications for $531.5 million, adding additional metropolitan markets.[4][5] TW Telecom had operations in 75 markets across the U.S..

Name Change

On July 1, 2008, the company was renamed TW Telecom.[6] The company had used the name Time Warner Telecom under an agreement with Time Warner Inc., its former parent company. The name was changed when Time Warner Inc. declined to renew the agreement allowing the use of its name. The company had considered several names, but elected to use the initials "tw" to help maintain its brand legacy in the marketplace.

Acquisition

On June 16, 2014, the company agreed to be acquired by Level 3 Communications Inc. for $5.7 billion in cash and stock.[7]

References

  1. ↑ http://news.level3.com/2014-06-16-Level-3-to-Acquire-tw-telecom
  2. ↑ http://news.centurylink.com/2017-11-01-CenturyLink-completes-acquisition-of-Level-3
  3. ↑ Goldman, Jeff (30 May 2007). "Backbone Directory: Time Warner Telecom Inc". ISP Planet. Archived from the original on 17 May 2007. Retrieved 30 May 2007.
  4. ↑ Wilson, Carol (28 July 2006). "Time Warner Telecom buys Xspedius". Connected Planet. Archived from the original on 20 January 2011. Retrieved 28 July 2006.
  5. ↑ Curtin, Carole (31 October 2006). "tw telecom Closes Xspedius Communications Acquisitions". Telecom Channel Updates. Retrieved 31 October 2006.
  6. ↑ Business, News (13 March 2008). "Time Warner Telecom to become tw telecom". Pacific Business News. Retrieved 13 March 2008.
  7. ↑ "Level 3 to Buy TW Telecom for $5.7 Billion". New York Times. Retrieved 16 June 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.