Level 3 Communications Inc. has completed its $132.5 million acquisition of the content delivery network (CDN) services business of SAVVIS, Inc.

Level 3 acquired network elements, customer contracts and intellectual property used in SAVVIS’s CDN business. The deal was announced late last month.

SAVVISs CDN services business is based in Thousand Oaks, Calif., and has approximately 50 employees and more than 100 customers, including Microsoft Corp. It has infrastructure in more than 20 countries.

Level 3 Communications Inc. www.level3.com  

SAVVIS Inc. www.savvis.net