Level 3 to bankroll Genuity
News Level 3 is to buy Internet hosting and IP networking company Genuity for $242m (£156m) in cash. Genuity will go into voluntary Chapter 11 bankruptcy protection ahead of completion of the deal in the first quarter of 2003.
[November 28, 2002, 14:21]
The Day Ahead: Genuity's big float sinks shares
News In its short history as a public company, Genuity has hit a bunch of milestones -- none of them positive. Genuity had to go public because the government made the Genuity spin-off a condition for GTE and Bell Atlantic merger approval.
[August 2, 2000, 13:05]
Verizon in DSL deal with NorthPoint
News Adjusting for one-time events and excluding the results of Genuity and a gain from pension settlements, combined results were 72 cents per share, compared to 67 cents in the second quarter of 1999. The figure includes revenue from Vodafone AirTouch...
[August 8, 2000, 13:04]
'Critical' MS server flaw may affect few sites
News Genuity went into administration this week and Cable & Wireless recently announced it will close more than half of its 42 data centres, some of which were acquired from bankrupt Exodus. A recently-revealed security flaw in Microsoft's Internet...
[November 29, 2002, 15:08]
