Comment on Level 3 to acquire Global Crossing in $2 billion in stock, joining 2 big Internet backbones

Level 3 to acquire Global Crossing in $2 billion in stock, joining 2 big Internet backbones

WASHINGTON — Level 3 Communications Inc. said Monday that it is buying Global Crossing Ltd. for $2 billion, joining two major long-distance telecommunications networks that carry massive amounts of Internet and other data traffic in the U.S. and internationally.

 

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