Level 3 Communications, Inc. (Nasdaq: LVLT) has announced that it has completed its acquisition of the Content Delivery Network (CDN) services business of SAVVIS, Inc. (Nasdaq: SVVS). Pursuant to the definitive agreement, dated December 23, 2006, Level 3 has paid $132.5 million in cash to acquire certain assets, including network elements, customer contracts, and intellectual property used in SAVVIS's CDN business.
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