We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,258 News Articles

Level 3 buying Global Crossing in latest telecom blockbuster

Level 3 Communications has announced plans to buy fellow carrier Global Crossing in a stock deal worth about $1.9 billion that the companies say will bolster their enterprise service offerings.

The union of Broomfield, Colo.-based Level 3 and Bahama-based Global Crossing will create a carrier with combined revenue of about $6.26 billion and marks the second giant telecom merger to be announced in the past few weeks, with the proposed AT&T and T-Mobile deal announced in March. Level 3 will assume some $1.1 billion in debt as part of the agreement.

MERGERS: Top tech M&A deals of 2011 

The carriers between them own networks in 50 countries that reach to 70 countries. In making the announcement, Level 3 emphasized that Global Crossing will boost its enterprise service portfolio with managed services and VPN offerings.

Read more about data center in Network World's Data Center section.


IDG UK Sites

Windows 9 release date, price, features: Windows 9 will be a free update

IDG UK Sites

Why you shouldn't buy an iPhone 6 (or any smartphone) on contract: Get the latest tech and save...

IDG UK Sites

Corel Painter 2015 review

IDG UK Sites

Best iPhone 6, iPhone 6 Plus deals: iPhone 6, iPhone 6 Plus tariffs, contracts and prices UK