Level 3 Agrees to Purchase Global Crossing

William Allen Simpson william.allen.simpson at gmail.com
Mon Apr 11 14:13:49 UTC 2011


The deal will combine two unprofitable companies with total revenue of
$6.26 billion as of last year, and cut annualized capital spending by
about $40 million, according to the statement. It will also help reduce
the pressure on prices, which have declined by as much as 30 percent a
year in the industry, said Donna Jaegers, an analyst at DA Davidson &

“This is what telecom has needed for a long time,” said Denver-based
Jaegers, who recommends buying both stocks. “You have way too many

More information about the NANOG mailing list