Internet Backbone Stocks on Watch Following $2B Private Deal
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There was a big off-Wall Street merger today in the internet backbone space that players on Wall Street should be paying attention to.
Boston-based private equity firm Berkshire Partners agreed to acquire both Lightower Fiber Networks and Sidera Networks in a transaction valued at over $2 billion.
The news could have implications for the following companies:
Level 3 Communications (Nasdaq: LVLT)
TW Telecom (Nasdaq: TWTC)
Equinix, Inc. (Nasdaq: EQIX)
CenturyLink (NYSE: CTL)
CoreSite Realty Corporation (NYSE: COR)
DuPont Fabros Technology, Inc. (NYSE: DFT)
Akamai Technologies (Nasdaq: AKAM)
Limelight Networks (Nasdaq: LLNW)
Boston-based private equity firm Berkshire Partners agreed to acquire both Lightower Fiber Networks and Sidera Networks in a transaction valued at over $2 billion.
The news could have implications for the following companies:
Level 3 Communications (Nasdaq: LVLT)
TW Telecom (Nasdaq: TWTC)
Equinix, Inc. (Nasdaq: EQIX)
CenturyLink (NYSE: CTL)
CoreSite Realty Corporation (NYSE: COR)
DuPont Fabros Technology, Inc. (NYSE: DFT)
Akamai Technologies (Nasdaq: AKAM)
Limelight Networks (Nasdaq: LLNW)
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