6 posts and columns on Global Crossing

News Byte

Level 3 to Acquire Global Crossing in $1.9 Billion Stock Deal

in Enterprise on April 11, 2011 at 6:09 am PT

Level 3 Communications said it has agreed to acquire Global Crossing in an all-stock deal valued at about $1.9 billion. The companies said their combined network will serve a customer set with owned network in more than 50 countries and connections to more than 70 countries. They see the deal generating synergies from network expense savings, operating expense savings and reductions in capital spending. Under the deal, Global Crossing equity holders will receive 16 Level 3 shares for each of their common or preferred shares. That values Global Crossing at $23.04 a share, a 56 percent premium, based on Level 3′s closing price on Friday. Level 3 will also assume about $1.1 billion in debt.

Voices

The Case for the Fat Start-Up

in News on March 17, 2010 at 12:00 pm PT

Much has been written and said about the current economic downturn and the resulting lessons on how to run high-technology companies. Quite famously, Sequoia Capital, the premier venture capital firm in Silicon Valley, held a mandatory all-CEO meeting in fall 2008 during which it advised them to “Cut spending. Cut fat. Preserve capital.”

Got Any Networks Without So Much Spam in Them?

in News on November 13, 2008 at 11:00 am PT

A 40 Percent Drop in Spam? Too Bad It's Temporary…

in News on November 12, 2008 at 1:35 pm PT

Wow. Global spam volumes plummeted today after two ISPs disconnected a Web hosting firm outed by the Washington Post as harboring some truly unsavory clients. Denied Internet access by Global Crossing and Hurricane Electric, bot hosting network McColo is clearly having trouble spewing out spam and malware. There has been a 41 percent drop in spam volume since the Washington Post story broke.

A 40 Percent Drop in Spam? Too Bad It’s Temporary…

in News on November 12, 2008 at 1:35 pm PT

Wow. Global spam volumes plummeted today after two ISPs disconnected a Web hosting firm outed by the Washington Post as harboring some truly unsavory clients. Denied Internet access by Global Crossing and Hurricane Electric, bot hosting network McColo is clearly having trouble spewing out spam and malware. There has been a 41 percent drop in spam volume since the Washington Post story broke.

75 Percent of All Spam Globally? On Our Backbones? Holy Cow!

in News on November 12, 2008 at 10:29 am PT

According to security experts, Web-hosting outfit McColo is responsible for enabling the broadcast of more than 75 percent of all spam globally. Its client list is a rogues gallery of bad-guy syndicates involved in everything from botnets to counterfeit pharmaceuticals and kiddie porn. So how is it that MoColo’s ISPs, Hurricane Electric and Global Crossing, were unaware of that until notified by a Washington Post reporter?