News

Level 3 Completes Acquisition of Global Crossing

October 2011 / e-newsletter

On 4 October 2011, Level 3 completed its acquisition of Global Crossing, previously majority owned by ST Telemedia. The combined company will operate under the name Level 3 Communications. 

The transaction combines the strengths of both companies to create a premier global communications provider with reach to the U.S., Latin America, Europe, the Middle East, Africa, as well as the Asia Pacific region. It will deliver an enhanced and expanded portfolio of advanced voice, video, data and managed solutions to enterprise, wholesale, content and government customers, anchored by extensive owned fibre networks on three continents in over 45 countries and substantial subsea cable capacity. 

ST Telemedia is the single largest stockholder with about 25 percent stake in Level 3.