Level 3 argues to FCC that Global Crossing deal will create a stronger competitor
Originally published: June 16, 2011
Last updated: June 16, 2011 - 2:35pm
Level 3 Communications has petitioned to the FCC that its pending acquisition of Global Crossing won't cause any other carriers to raise competition or public interest issues.
In an application sent to the FCC last month seeking approval for its $3 billion acquisition of Global Crossing, Level 3 argued that there's no need to scrutinize the deal or place any conditions on it to be approved. Upon completion, the newly combined company would create an even larger one service provider with network presence in 50 countries and connections to more than 70 countries. Now the FCC has to determine whether the deal will serve the public interest, convenience and necessity. Both service providers argue in the filing that the deal will serve the public interest "by offering customers an expanded suite of services--globally-delivered transport, Internet protocol-based ... data, content delivery, data center, collocation, and voice services--and more extensive geographic reach in North America, Latin America, Europe, and Asia with a combination of intercity and metro networks and undersea cable facilities."
- Comcast, Level 3's mega-mergers could shake up the Ethernet market, says VSG
- Frontier gets FTC approval to proceed with Verizon asset deal
- AT&T gets More for Less
- Level 3 to Buy Global Crossing in $3 Billion Deal
- Harmless Collaboration or a Threat to Competition and Consumers?
- Municipal Broadband is Making Progress
- Justice, FCC OK Level 3 Acquisition of Global Crossing
- Advice comes in to FCC on where to concentrate rural broadband efforts
- Dow Jones deal prompts call to broaden cross-ownership ban
- Critics Get Their Say on Verizon/Cable Spectrum Sale
- Verizon will broaden its copper-to-fiber conversion in 2013
- Another Week, Another Wireless Deal
- Comcast Answers Critics
- IP transition shouldn't be a license to price gouge CLECs, business customers, says Windstream
- Frontier wraps its acquisition of AT&T's Connecticut network assets