Monday, April 11, 2011

Level 3 to buy Global Crossing, consolidating IP long-haul, content opportunities

Looking for greater scale to compete with larger global rivals, Level 3 Communications today said it has agreed to acquire Global Crossing in a $3 billion stock swap. The combined companies will run fiber optic networks on three continents and serve customers in more than 50 countries with a range of wholesale, CDN, data center/cloud and voice, video and data services for large government and enterprise users.

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