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RE: Level 3 Agrees to Purchase Global Crossing
From: Mike Walter <mwalter () 3z net>
Date: Mon, 11 Apr 2011 14:41:18 +0000

I find it amusing that the article says - "The deal will combine two unprofitable companies...".  

So I guess the thinking is that two negatives make a positive?  

-Mike

-----Original Message-----
From: Dorn Hetzel [mailto:dorn () hetzel org] 
Sent: Monday, April 11, 2011 10:26 AM
To: Jay Ashworth
Cc: NANOG
Subject: Re: Level 3 Agrees to Purchase Global Crossing

On Mon, Apr 11, 2011 at 10:22 AM, Jay Ashworth <jra () baylink com> wrote:

----- 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

Well, maybe they're just admitting it will slow the rate at which prices go
down :)


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