Report: Level 3 interested in buying TW Telecom

|About: Level 3 Communications, Inc. (LVLT)|By:, SA News Editor

Level 3 (LVLT) is "intensifying talks with TW Telecom (TWTC) about a possible acquisition," though no deal is imminent, sources tell BrightWire.

TW (current market cap of $4.5B) has a large nationwide fiber network (connects 20K+ commercial buildings) that would bolster Level 3's own network, and bills itself of the top 3 U.S. business Ethernet providers. Both companies are based out of Colorado.

BrightWire states Level 3 was also interested in TW back in 2012, when the company (per reports) hired Evercore to explore its options. But Level 3 is in much better shape today to make a bid.

Speculation that Level 3 could bid for TW has been around for a while.