LITTLETON, Colo., Aug. 23, 2012 /PRNewswire/ -- tw telecom inc. The following statement was issued today by Larissa Herda, Chairman, CEO and President of tw telecom. tw telecom, (NASDAQ: TWTC) is a leading provider of managed services, including Business Ethernet, converged and IP VPN solutions for enterprises throughout the U.S. and globally. (Photo: http://photos.prnewswire.com/prnh/20110602/LA13315) (Logo: http://photos.prnewswire.com/prnh/20080626/LATH527LOGO) "It has been clear for years that the FCC's pricing flexibility rules did not accurately measure the extent to which incumbent local exchange companies control the critical last mile facilities that connect communication carriers to business locations across the nation. By suspending the flawed triggers that were based on incorrect predictive judgment, prematurely allowing the incumbent local exchange companies to obtain pricing flexibility, the FCC has prevented future rate increases in markets where the incumbents have market power. Competition is key to innovation and the expansion of broadband services. We applaud the FCC for taking this important action to modernize the rules that apply to the Special Access marketplace." About tw telecomtw telecom inc., headquartered in Littleton, Colo., provides managed network services, specializing in business Ethernet and transport data networking, Internet access, voice, VoIP, VPN and security, to enterprise organizations and communications services companies throughout the U.S. As a leading provider of integrated and converged network solutions, and its own Intelligent Network capabilities, tw telecom delivers customers overall economic value, quality, service and improved business productivity. Please visit www.twtelecom.com for more information. SOURCE tw telecom
Shares of Level 3 Communications (LVLT) are now down on very heavy trading volume after the integrated communications services firm earlier said it will buy Internet services provider TW Telecom (TWTC) for over $5.6 billion.