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(Image from article: "Level 3 to acquire Global Crossing for $2 billion")

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Acquisition - All
Global Crosssing - All
Internet - All
Level 3 - All
Mergers & Acquisitions - All
Technology - All

Level 3 to acquire Global Crossing for $2 billion

Level 3 Communications Inc. said Monday it will acquire another top long-distance Internet carrier, Global Crossing Ltd., in an all-stock transaction valued at about $2 billion. Both companies operate vast networks of optical fiber. Combined, they would reach 70 countries on three continents.

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