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Level 3 plans a debt offering to finance the possible acquisition of added telecommunications assets...Nokia grabs a equipment contract from a Finnish telecom operator...Lehman Brothers raises Motorola stock to "buy"...Iridium bankruptcy filing hits Japanese telecom firm for more than $225 million.

Level 3 plans a debt offering to finance the possible acquisition of added telecommunications assets...Nokia grabs a equipment contract from a Finnish telecom operator...Lehman Brothers raises Motorola stock to "buy"...Iridium bankruptcy filing hits Japanese telecom firm for more than $225 million.