Data services handler SAVVIS
No, what surprised me today was the identity of SAVVIS's buyer. On the face of it, regional telecom CenturyLink
But CenturyLink came a-knocking, and SAVVIS answered the door with open arms. And I really shouldn't keel over in shock. You see, I overlooked the telecom titan created by CenturyLink's blockbuster merger with Qwest Communications. It makes sense to plug SAVVIS into this two-headed beast. Besides, we're watching two of the Tier 1 operators of the Internet's backbone join forces here.
It's still surprising to see this good-sized cash-and-stock deal going down so close to the closing of the Century-Qwest merger. Wouldn't it make sense to work the inevitable kinks out of the first life-changing move before making another?
But then Global Crossing rushed to join Level 3 right after Verizon picked up Terremark Worldwide, and waiting for a peaceful moment was no longer an option -- things are changing too fast in the world of data services. Blink and you'll miss when Ma Bell puts herself back together again.
Guess it's just as good to bite the bullet right away -- two simultaneous integrations might even reveal some redundancies and synergies that would have been missed under two entirely separate processes.
Will CenturyLink be the final resting place for SAVVIS, or is this the start of a bidding war as the even bigger boys come around? Well, I thought the Verizon-Terremark deal could have been the end of it, but CenturyLink had other ideas.
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