[139502] in North American Network Operators' Group
Re: Level 3 Agrees to Purchase Global Crossing
daemon@ATHENA.MIT.EDU (Jay Ashworth)
Mon Apr 11 10:24:12 2011
Date: Mon, 11 Apr 2011 10:22:11 -0400 (EDT)
From: Jay Ashworth <jra@baylink.com>
To: NANOG <nanog@nanog.org>
In-Reply-To: <4DA30C9D.107@gmail.com>
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
----- Original Message -----
> From: "William Allen Simpson" <william.allen.simpson@gmail.com>
> http://www.bloomberg.com/news/print/2011-04-11/level-3-agrees-to-acquire-global-crossing-in-deal-valued-at-1-9-billion.html
>
> The deal will combine two unprofitable companies with total revenue of
> $6.26 billion as of last year, and cut annualized capital spending by
> about $40 million, according to the statement. It will also help
> reduce
> the pressure on prices, which have declined by as much as 30 percent a
> year in the industry, said Donna Jaegers, an analyst at DA Davidson &
> Co.
Let me see if I have that straight.
We're *admitting* in public that the result will be to make prices go up for
customers? Wow... Justice is going to have a field day with that.
Cheers,
-- jra
