The new generation of telephone companies is making waves once again as it purchases its way onto the Internet. In the latest example, Level 3 acquired a German Internet service provider, just one day after Qwest Communications bought Icon CMT, an Internet services company. Qwest's CEO now predicts his company will be worth $3 billion by the end of the year.
Level 3 to buy German ISP
The company agrees to purchase miknet Internet Based Services, bolstering its efforts to build an international network based on IP technology.
Qwest CEO sees revenue increase
Qwest will buy Icon CMT