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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>

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


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