Level 3: Success of TW Telecom buy likely means more deals (LVLT)

During the earnings call for Level 3 Communications (LVLT 3.7%), execs suggested it would still pursue opportunistic acquisitions, pointing to how well the last one worked out.
The company raised guidance for 2015 after realizing greater cost savings than expected from its acquisition of TW Telecom, which closed Oct. 31.
In its earnings report the company pointed often to pro forma comparisons, as if the company had acquired TW Telecom on Jan. 1, 2014, instead of in October.
The company survived the dot-com shakeout by managing debt while acquiring competitors, and the booming bandwidth market means more deals are on its horizon. Outside the US … is probably more in our targets than maybe inside the US, given that weve just done the TW Telecom acquisition, says CEO Jeff Storey.
Previously: Level 3 gains on Q1 beat, raised guidance (Apr. 29 2015)