Level 3 argues to FCC that Global Crossing deal will create a stronger competitor


Source: Fierce
Author: Sean Buckley
Coverage Type: reporting
Location:
Federal Communications Commission (FCC), 445 12th Street SW, Washington, DC, 20554, United States

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."

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