Home page logo

nanog logo nanog mailing list archives

RE: Level 3 Agrees to Purchase Global Crossing
From: "Holmes,David A" <dholmes () mwdh2o com>
Date: Mon, 11 Apr 2011 15:49:43 -0700

"Way too many players ..." means that the telecom marketplace is good for the consumer, with competition keeping prices 
low. Many network users feel that prices are still way too high, particularly for high speed circuits and dark fiber, 
areas in which Level 3 and Global Crossing have specialized.

-----Original Message-----
From: William Allen Simpson [mailto:william.allen.simpson () gmail com]
Sent: Monday, April 11, 2011 7:14 AM
To: NANOG list
Subject: Level 3 Agrees to Purchase Global Crossing


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 &

"This is what telecom has needed for a long time," said Denver-based
Jaegers, who recommends buying both stocks. "You have way too many

This communication, together with any attachments or embedded links, is for the sole use of the intended recipient(s) 
and may contain information that is confidential or legally protected. If you are not the intended recipient, you are 
hereby notified that any review, disclosure, copying, dissemination, distribution or use of this communication is 
strictly prohibited. If you have received this communication in error, please notify the sender immediately by return 
e-mail message and delete the original and all copies of the communication, along with any attachments or embedded 
links, from your system.

  By Date           By Thread  

Current thread:
[ Nmap | Sec Tools | Mailing Lists | Site News | About/Contact | Advertising | Privacy ]