This excerpt taken from the LVLT 10-K filed Mar 2, 2006.
Our growth may depend upon our successful integration of acquired businesses
The integration of acquired businesses, including WilTel Communications, involves a number of risks, including, but not limited to:
If we cannot successfully integrate acquired businesses or operations, we may experience material negative consequences to our business, financial condition or results of operations. Successful integration of these acquired businesses or operations will depend on our ability to manage these operations, realize opportunities for revenue growth presented by strengthened service offerings and expanded geographic market coverage and, to some degree, to eliminate redundant and excess costs. Because of difficulties in combining geographically distant operations, we may not be able to achieve the benefits that we hope to achieve as a result of the acquisition.
The completion of our acquisition of WilTel creates risks associated with the integration of WilTel's operations with ours. Some integration risks include:
We cannot be certain that we will realize the benefits from the WilTel acquisition that we anticipate, or that we will be able to integrate WilTel's operations successfully. If we fail to integrate the operations of WilTel efficiently, it could have a material adverse effect on our business, financial condition, results of operation and future prospects.