4 posts and columns on Level 3 Communications

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.

The FCC Votes, a New Internet Dawns, Like It or Not

in Enterprise on December 21, 2010 at 8:50 am PT

There is only one point of consensus that has emerged from today’s imminent 3-2 vote by the Federal Communications Commission on network neutrality rules proposed by Chairman Julius Genachowski: All concerned are dissatisfied with the result.

Voices

AT&T Joins Comcast on Level 3's Enemies List

in News on December 10, 2010 at 10:52 am PT

Level 3 Communications is going after AT&T Inc. after the telecom giant accused the Internet service provider of political spin in its dispute with Comcast.

Seeqpod Offers Free Music, but Its Lawyers Don’t Come Cheap

in Media on April 1, 2009 at 4:26 am PT

No one wants to pay for music on the Internet. But starting a free music service on the Web takes a whole lot of cash. Just ask the folks at Seeqpod, which filed for Chapter 11 bankruptcy protection last week. The company’s biggest expense: Lawyers to help it fend off copyright lawsuits from the big music labels.
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