May. 12 at 5:11 PM
$LUMN User 35078515
Today, 12:33 PM
Comments (648)
@User 35078515 Nice news on the NORTH LINE Railroad, err, Fiber Line this morning!
finance.yahoo.com/...
Based on a 2001 agreement, Reach acquired the Asian assets of Level 3 Communications, which included the North Asian Loop (Tiger) cable system and capacity on the Japan-US Cable System.
This acquisition allowed Reach to take over Level 3's Asian assets and operations, including customers, in-country networks, and cable landing stations.
Seattle Hub Connectivity: While the 2001 deal focused on transferring ownership of Asian-based assets to Reach, it did not explicitly state that Level 3 abandoned its Seattle hub or all its trans-Pacific connectivity. Instead, it represented a strategic restructuring where Reach acquired the Asian infrastructure, and Level 3 shifted its focus, eventually selling to CenturyLink (now Lumen).
