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Tag: global crossing

Will Level 3 with GC Be Able to Compete in the Business Services Market?

Level 3 Communications Inc. announced today that it would buy Global Crossing (GC) in an all stock-for-stock transaction valued at US$1.9 billion (after assumed debt). As part of the deal, which is expected to close by year end, Level 3 will assume $1.1 billion of GC’s debt. The two companies had combined 2010 revenues of…

April 11, 2011

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Will Level 3 with GC Be Able to Compete in the Business Services Market?