Keith Meister, managing partner and chief investment officer of Corvex Management, said on Wednesday that alternative carriers TW Telecom Inc and Level 3 Communications Inc could be on a par with industry heavyweights AT&T and Verizon in coming years. Sohn also said that TW Telecom is a strong candidate for acquisition."There are lots of people who at the right time would want to purchase this company," Meister said at the Sohn Investment Conference in New York. He said TW Telecom could be acquired by Level 3 or other companies such as Verizon and Time Warner Cable.Meister also said he likes Level 3 for its accelerating revenue growth and the direction of its chief executive, Jeff Storey.
Level 3 Communications, Inc. (Level 3) is a facilities-based provider of a range of integrated communications services. Shares of LVLT traded higher by 5.77% or $1.34/share to $24.55. In the past year, the shares have traded as low as $16.36 and as high as $25.62. On average, 1741020 shares of LVLT exchange hands on a given day and today's volume is recorded at 3443945.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 0.93% or $0.91/share to $98.48. In the past year, the shares have traded as low as $73.52 and as high as $102.00. On average, 2912070 shares of TWC exchange hands on a given day and today's volume is recorded at 1778233.
tw telecom inc. is a national provider of managed network services, specializing in business Ethernet, data networking, Converged, Internet protocol-based virtual private network (IP VPN), Internet access, voice, including voice over Internet Protocol (VoIP), and network security services to enterprise organizations, including public sector entities, and carriers throughout the United States, including their global locations. Shares of TWTC traded higher by 6.62% or $1.8/share to $28.99. In the past year, the shares have traded as low as $21.41 and as high as $28.02. On average, 1505550 shares of TWTC exchange hands on a given day and today's volume is recorded at 5601696.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 0.86% or $-0.53/share to $60.99. In the past year, the shares have traded as low as $33.62 and as high as $61.53. On average, 6838780 shares of TWX exchange hands on a given day and today's volume is recorded at 3059774.
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