US high-speed ISP Genuity files for bankruptcy protection and agrees to sell its assets for about $242 million to long-haul provider Level 3 – movements

US high-speed ISP Genuity files for bankruptcy protection and agrees to sell its assets for about $242 million to long-haul provider Level 3 – movements – Brief Article

* US high-speed ISP Genuity files for bankruptcy protection and agrees to sell its assets for about $242 million to long-haul provider Level 3. The deal gives Level 3 Internet access services, more than 3,000 customers including America Online, and one of the oldest pedigrees in the industry. Genuity’s predecessor BBN designed and helped build ARPAnet 34 years ago.

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