"Way too many players ..." means that the telecom marketplace is good for the consumer, with competition keeping prices low. Many network users feel that prices are still way too high, particularly for high speed circuits and dark fiber, areas in which Level 3 and Global Crossing have specialized.
-----Original Message----- From: William Allen Simpson [mailto:william.allen.simp...@gmail.com] Sent: Monday, April 11, 2011 7:14 AM To: NANOG list Subject: Level 3 Agrees to Purchase Global Crossing 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. "This is what telecom has needed for a long time," said Denver-based Jaegers, who recommends buying both stocks. "You have way too many players." This communication, together with any attachments or embedded links, is for the sole use of the intended recipient(s) and may contain information that is confidential or legally protected. If you are not the intended recipient, you are hereby notified that any review, disclosure, copying, dissemination, distribution or use of this communication is strictly prohibited. If you have received this communication in error, please notify the sender immediately by return e-mail message and delete the original and all copies of the communication, along with any attachments or embedded links, from your system.
