Level 3 to Acquire Global Crossing
Level 3 Communications Inc. announced today that it has entered into a definitive agreement to acquire Global Crossing in an all-stock transaction valued at $3 billion, based upon Level 3’s closing stock price on April 8, 2011.
The combined backbone provider will operate fiber optic networks on three continents connected by long-haul fiber assets and undersea facilities. The new company will serve a worldwide customer set with owned network in more than 50 countries and connections to more than 70 countries.
The transaction will create a company with the ability to meet local, national and global customer requirements in a wide range of markets. The new entity will offer enterprise, government, wholesale, content and small and large Web-based customers a comprehensive portfolio of end-to-end data, video and voice solutions. Read more
Google Voice Offers Number Portability, User Stats
Google Voice announced last week that it is now offering number portability, potentially broadening the appeal of the nascent and controversial service.
Previously users of Google Voice had to adopt a new Google phone number. However, consumers can now utilize their existing mobile phone numbers and gain access to Google Voice, albeit a select group of features.
In related news, Google mistakenly revealed confidential information last week in its filings at the FCC. Although later redacted from the documents, Business Week managed to get ahold of the originals before Google acted upon the error and replaced the documents originally made public.



