nanog mailing list archives
Level 3 Agrees to Purchase Global Crossing
From: William Allen Simpson <william.allen.simpson () gmail com>
Date: Mon, 11 Apr 2011 10:13:49 -0400
http://www.bloomberg.com/news/print/2011-04-11/level-3-agrees-to-acquire-global-crossing-in-deal-valued-at-1-9-billion.html 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 & Co. “This is what telecom has needed for a long time,” said Denver-based Jaegers, who recommends buying both stocks. “You have way too many players.”
Current thread:
- Level 3 Agrees to Purchase Global Crossing William Allen Simpson (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Jay Ashworth (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Dorn Hetzel (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Jay Ashworth (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Valdis . Kletnieks (Apr 11)
- RE: Level 3 Agrees to Purchase Global Crossing Mike Walter (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing David Coulson (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Justin M. Streiner (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing David Coulson (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Dorn Hetzel (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Jay Ashworth (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing harbor235 (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing mikea (Apr 11)