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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>
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
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 &
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.
RE: Level 3 Agrees to Purchase Global Crossing George Bonser (Apr 11)