Level 3 Has Signed an Agreement to Purchase Global Crossing

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Level 3 Has Signed an Agreement to Purchase Global Crossing Level 3 Has Signed an Agreement to Purchase Global CrossingLevel 3 Has Signed an Agreement to Purchase Global Crossing


12 April 2011

Level 3 Communications has signed an agreement intending to buy Global Crossing. The new company plans to operate a global services platform on fiber optic networks across three continents that will be connected via extensive undersea facilities. In plans of the combined company is to offer enterprise, wholesale, government and web-based customers a wide portfolio of end-to-end data, voice and video solutions.
Global Crossing provides its networking platform offering VPN, audio and video conferencing, leased lines, managed services, long distance telephone, dialup and VoIP services to the agreement.
This agreement will combine these two companies with pro forma total revenues for 2010 equal to $6.26 billion.

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