Broadwing Inc. announced yesterday that it agreed to sell its $4 billion long-distance venture for $129 million in cash to C III Communications LLC, a company partly owned by Columbia-based Corvis ...

Broadwing Inc. has found a buyer for its troubled broadband unit: privately held C III Communications LLC. C III, whose investors include St. Louis-based Cequel III and Columbia, Md.-based Corvis Corp ...

AUSTIN, Texas--(BUSINESS WIRE)--July 25, 2006--Broadwing Corporation (NASDAQ: BWNG), today announced that the Company's Board of Directors has appointed Stephen E. Courter as the Chief Executive ...

Broadwing CEO Rick Ellenberger, buffeted by a sea of disgruntled shareholders at his company's annual meeting April 29, blamed the company's poor stock performance on a "perfect storm" of factors that ...

The events of Sept. 11 cast a pall over the economy, but some telecom investors thought they spied a silver lining. They foresaw a spike in broadband demand, as videoconferencing and other Web-based ...

DENVER — Network operator Level 3 Communications Inc. took another step in its transformation Tuesday by announcing a $1.4-billion cash-and-stock deal to acquire Broadwing Corp., which sells ...

Combination Will Further Leverage Level 3's Nationwide Network Acquisition Expected to be Adjusted OIBDA Positive in 2007 and Cash Flow Positive in 2008 Purchase Price of Approximately $1.4 Billion in ...

Marguerite Reardon started as a CNET News reporter in 2004, covering cellphone services, broadband, citywide Wi-Fi, the Net neutrality debate and the consolidation of the phone companies. Level 3 ...

Broadwing Communications announced a reorganization of its business that includes the closing of operations and shaving off 15 percent of its work force. The company, which provides telecommunications ...

LAS VEGAS — Broadwing is quietly putting together a voice-over-IP service for business users that promises ease of management and cost savings. The firm has not announced its voice-over-IP plans, but ...

Level 3 Communications said Tuesday it plans to buy Broadwing, a wholesale and business communications service provider, for $1.4 billion in stock and cash. Level 3, based in Broomfield, Colo., has ...