Level 3 Communications Inc., an unprofitable phone and data-network operator, agreed Tuesday to buy an Internet services business of Savvis Inc. for $135 million.
The Savvis unit, which is based in Thousand Oaks, brought in sales of about $15 million in the nine months ended Sept. 30, Broomfield, Colo.-based Level 3 said.
The purchase is Level 3's seventh in the last year. The company is increasing the services offered over its fiber optic network.
Tuesday's deal includes networking equipment, customer contracts and intellectual property. The Savvis unit manages Internet services, distributing print, music, film, videos and games for customers. Clients include Microsoft Corp.
