Home / Financial Report / FCC Approves Level 3’s Buy of TW Telecom, Shareholder Votes Set for Tuesday

FCC Approves Level 3’s Buy of TW Telecom, Shareholder Votes Set for Tuesday

NGENGlobeThe Federal Communications Commission has approved Level 3 Communications‘ (NYSE: LVLT) proposed $5.3 billion acquisition of business phone and Internet service provider tw telecom (NASDAQ: TWTC).

Level 3 announced the receipt of the approval Friday and the transaction is subject to the approval of stockholders from both companies.

According to the Denver Business Journal, the stockholder vote is scheduled for Tuesday and the Justice Department cleared its regulatory review of the deal last month.

Check Also

Leidos Wins Navy Synthetic Signature Generation Trainer Contract

Leidos (NYSE: LDOS) has won a potential three-year, $63M contract to develop, engineer and integrate a training system based on synthetic signature generation technology for the U.S. Navy. The company will also help the service brancg test, implement and maintain the SSG trainer as part of the cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract, the Department of Defense said Tuesday.

Bechtel Wins $383M Contract to Design, Build NASA’s Second Mobile Launcher

Bechtel has been awarded a 44-month, $383M contract to design, construct, test and commission a second mobile launcher at NASA's Kennedy Space Center. NASA said Wednesday it will use the ML2 to assemble, process and launch the Space Launch System rocket with the Orion spacecraft on missions moon and Mars. The platform will be built to support KSC's exploration ground systems.