nanog mailing list archives
Re: Level 3 Agrees to Purchase Global Crossing
From: ML <ml () kenweb org>
Date: Tue, 12 Apr 2011 20:38:40 -0400
On 4/11/2011 10:13 AM, William Allen Simpson wrote:
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.”
If L3 merges GBLX in as well as they did Broadwing...the little guy stands to do pretty well.
Current thread:
- Re: Level 3 Agrees to Purchase Global Crossing, (continued)
- 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 harbor235 (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing mikea (Apr 11)
- RE: Level 3 Agrees to Purchase Global Crossing George Bonser (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Wayne E. Bouchard (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Richard A Steenbergen (Apr 11)
- Re: Level 3 Agrees to Purchase Global Crossing Jeff Wheeler (Apr 11)