Re: Level 3 Agrees to Purchase Global Crossing

2011-04-12 Thread ML
On 4/11/2011 10:13 AM, William Allen Simpson wrote: 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 annualize

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Valdis . Kletnieks
On Mon, 11 Apr 2011 10:27:44 EDT, Jay Ashworth said: > - Original Message - > > From: "Dorn Hetzel" > > > Well, maybe they're just admitting it will slow the rate at which > > prices go down :) > > Cause L3 and GBLX are Too Big To Fail, right? Yes, but the *real* question is - will they

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Jeff Wheeler
If I were a large tier-2 with SFI to one, but not both, of Level3 and GBLX, I would see this acquisition as an opportunity to squeeze peering out of the other network, or eventual combination of both, in trade for not stirring the pot with regulators. Perhaps AS3356 will carry AS6939 IPv6 routes s

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Richard A Steenbergen
On Mon, Apr 11, 2011 at 03:49:43PM -0700, Holmes,David A wrote: > "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 an

RE: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Holmes,David A
ssing 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-c

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread David Coulson
On 4/11/11 12:24 PM, Justin M. Streiner wrote: I seem to recall several dot-com-era CxOs spending very lavishly on themselves, or getting their employers to give them large 'loans' that were never paid back. Ken Lay, Jeff Skilling, Bernie Ebbers, Gary Winnick, Joe Nacchio, etc... This is wh

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Wayne E. Bouchard
On Mon, Apr 11, 2011 at 08:55:05AM -0700, George Bonser wrote: > > 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 > > I

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Justin M. Streiner
On Mon, 11 Apr 2011, David Coulson wrote: Wasn't there a telco CEO who would blow that much in strip clubs? Savvis springs to mind, but I don't remember. I seem to recall several dot-com-era CxOs spending very lavishly on themselves, or getting their employers to give them large 'loans' that

RE: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread George Bonser
> 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 I don't think it means so much that prices will go up, just that it will slow the de

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Mark Kent
Well, this will be the third time that Level3 has purchased my primary upstream provider. Maybe this will be different than with Genuity and Wiltel, but Level3 needs to either stop using the word "legacy" or educate their employees so they know that "legacy" is good and not bad. -mark

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread mikea
On Mon, Apr 11, 2011 at 02:41:18PM +, Mike Walter wrote: > I find it amusing that the article says - "The deal will combine two > unprofitable companies...". > > So I guess the thinking is that two negatives make a positive? They may lose on every subscriber, but now they'll make it up i

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread harbor235
Ashworth > Cc: NANOG > Subject: Re: Level 3 Agrees to Purchase Global Crossing > > On Mon, Apr 11, 2011 at 10:22 AM, Jay Ashworth wrote: > > > - Original Message - > > > From: "William Allen Simpson" > > > > > > > > htt

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread David Coulson
On 4/11/11 10:41 AM, Mike Walter wrote: I find it amusing that the article says - "The deal will combine two unprofitable companies...". So I guess the thinking is that two negatives make a positive? -Mike Since they will be saving a whole $40mm annually, profitability is pretty much guarante

RE: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Mike Walter
AM To: Jay Ashworth Cc: NANOG Subject: Re: Level 3 Agrees to Purchase Global Crossing On Mon, Apr 11, 2011 at 10:22 AM, Jay Ashworth wrote: > - Original Message - > > From: "William Allen Simpson" > > > > http://www.bloomberg.com/news/print/2011-04-11/level-3-

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Jay Ashworth
- Original Message - > From: "Dorn Hetzel" > Well, maybe they're just admitting it will slow the rate at which > prices go down :) Cause L3 and GBLX are Too Big To Fail, right? Furrfu. Cheers, -- jra

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Dorn Hetzel
On Mon, Apr 11, 2011 at 10:22 AM, Jay Ashworth wrote: > - Original Message - > > From: "William Allen Simpson" > > > > 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 unprofitabl

Re: Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread Jay Ashworth
- Original Message - > From: "William Allen Simpson" > 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, a

Level 3 Agrees to Purchase Global Crossing

2011-04-11 Thread William Allen Simpson
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