6 posts and columns on Level 3

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 on Net Neutrality Tomorrow; the Internet Waits

in Enterprise on December 20, 2010 at 7:53 am PT

The battle over net neutrality is coming to a head on Tuesday morning with a vote on the latest policy proposal by the Federal Communications Commission.

Voices

Web-Traffic Spat Over Netflix Highlights New Tensions

in News on December 1, 2010 at 2:25 am PT

U.S. regulators are looking into a dispute between two large companies that shuttle traffic around the Internet, a business invisible to most consumers but increasingly fraught with tension. The issue gets to the heart of a longstanding argument: Who should pay for the Internet?

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Internet Giants Spar Over Fees

in News on November 29, 2010 at 7:31 pm PT

Netflix Inc.’s broadband partner is in dispute with Comcast Corp. over who should pay to handle an expected surge in online videos piped over the cable company’s network.

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Akamai CDN Pricing Too High, Analyst Says

in News on October 1, 2009 at 5:00 am PT

Akamai is losing deals in an attempt to hold the line on content deliver network pricing, according to Merriman Curhan Ford analyst Richard Fetyko, who late yesterday cut his rating on the stock to Sell from Hold.

Where in the World Is America's CTO?

in News on February 11, 2009 at 5:30 am PT

With the naming of Oracle President Charles Phillips to President Barack Obama’s 16-Member Economic Recovery Advisory Board a few days ago, another Silicon Valley tech mandarin fell off the list to become America’s first chief technology officer. The job–which was promised by President Barack Obama during his campaign and underscored when he released a memorandum on transparency and open government that outlined some of the CTO duties the day after he was sworn in–remains unfilled. While everyone is rightly focusing on the economic crisis, inquiring minds still want to know who is getting the job as head geek.