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| | Telstra, PCCW buy Level 3's Asian operations (Site not responding. Last check: 2007-10-26) |
 | | Reach, the joint venture between Australia's Telstra Corp. and Hong Kong's Pacific Century Cyberworks Ltd. (PCCW) has announced plans to acquire the Asian assets of U.S.-based broadband infrastructure company Level 3 Communications Inc. |
 | | Under the terms of the agreement, Reach will take over Level 3's ownership interests in its North Asian undersea cable system, Tiger, connecting Hong Kong and Japan, and its Japan-U.S. cable systems, a Reach statement said. |
 | | The integration process is expected to be completed within 3 months, and will be cash flow positive by 2003, Kerry said. |
| wireless.itworld.com /4256/IDG011219level3/search.html (534 words) |
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