nanog mailing list archives
Re: Level 3 Agrees to Purchase Global Crossing
From: Jay Ashworth <jra () baylink com>
Date: Mon, 11 Apr 2011 10:22:11 -0400 (EDT)
----- Original Message -----
From: "William Allen Simpson" <william.allen.simpson () gmail com>
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.
Let me see if I have that straight. We're *admitting* in public that the result will be to make prices go up for customers? Wow... Justice is going to have a field day with that. Cheers, -- jra
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)