--- title: Level 3 to Acquire Global Crossing for $3 Billion in Stock description: Level 3 to Acquire Global Crossing for $3 Billion in Stock --- - [Contact JSA](https://www.jsa.net/contact/) - [Tech & Telecom News Now](https://www.jsa.net/blog/) [Twitter](https://twitter.com/telecompr) [YouTube](https://www.youtube.com/user/JaymieScottoTV) [Linkedin](https://www.linkedin.com/company/jaymie-scotto-%26-associates) [Facebook](https://www.facebook.com/JaymieScottoandAssociates) [![JSA – Jaymie Scotto & Associates Logo](https://blog.jsa.net/hubfs/JSA_March2019%20Theme/images/jsa-logo-120h.png) ![JSA – Jaymie Scotto & Associates Logo](https://blog.jsa.net/hubfs/JSA_March2019%20Theme/images/jsa-logo-60h.png) ![JSA – Jaymie Scotto & Associates Logo](https://blog.jsa.net/hubfs/JSA_March2019%20Theme/images/jsa-logo-60h.png)](https://www.jsa.net/) - [Company](https://www.jsa.net/#) - [Our Core Values](https://www.jsa.net/core-values/) - [Our Team](https://www.jsa.net/team/) - [Our Clients](https://www.jsa.net/clients/) - [Our Story](https://www.jsa.net/our-story/) - [Giving Back](https://www.jsa.net/giving-back/) - [Our News](https://www.jsa.net/jsa-news/) - [Our Partners](https://www.jsa.net/partners/) - [Services](https://www.jsa.net/#) - [Public Relations & Content](https://www.jsa.net/public-relations/) - [Digital Marketing](https://www.jsa.net/digital-marketing/) - [Consultation](https://www.jsa.net/pr-marketing-consultation/) - [Website & Design](https://www.jsa.net/website-design-development/) - [Video & WebCasts](https://www.jsa.net/video-marketing-webcasts/) - [Event Planning](https://www.jsa.net/event-planning/) - [Portfolio](https://www.jsa.net/portfolio/) - [Pricing](https://www.jsa.net/pricing/) - [Regions](https://www.jsa.net/#) - [United States](https://www.jsa.net/united-states/) - [Canada](https://www.jsa.net/canada/) - [Europe](https://www.jsa.net/europe/) - [Flexibility](https://www.jsa.net/#) - [Small Company Offerings](https://www.jsa.net/small-company/) - [Medium Company Packages](https://www.jsa.net/medium-company/) - [Large Company Partnerships](https://www.jsa.net/large-company/) - [Channels](https://www.jsa.net/#) - [Telecom Exchange (TEX)](https://www.jsa.net/tex/) - [CEO Exchange](https://www.jsa.net/ceo-exchange/) - [JSA TV](https://www.jsa.net/jsa-tv/) - [JSA Radio](https://www.jsa.net/jsa-radio/) - [Virtual CEO Roundtables](https://www.jsa.net/virtual-roundtables/) - [Women’s Speaking Initiative](https://www.jsa.net/womens-speaking-initiative/) - [Industry Events](https://www.jsa.net/industry-events) - [Blog](https://www.jsa.net/blog/) - [Company](https://www.jsa.net/#) - [Our Core Values](https://www.jsa.net/core-values/) - [Our Team](https://www.jsa.net/team/) - [Our Clients](https://www.jsa.net/clients/) - [Our Story](https://www.jsa.net/our-story/) - [Giving Back](https://www.jsa.net/giving-back/) - [Our News](https://www.jsa.net/jsa-news/) - [Our Partners](https://www.jsa.net/partners/) - [Services](https://www.jsa.net/#) - [Public Relations & Content](https://www.jsa.net/public-relations/) - [Digital Marketing](https://www.jsa.net/digital-marketing/) - [Consultation](https://www.jsa.net/pr-marketing-consultation/) - [Website & Design](https://www.jsa.net/website-design-development/) - [Video & WebCasts](https://www.jsa.net/video-marketing-webcasts/) - [Event Planning](https://www.jsa.net/event-planning/) - [Portfolio](https://www.jsa.net/portfolio/) - [Pricing](https://www.jsa.net/pricing/) - [Regions](https://www.jsa.net/#) - [United States](https://www.jsa.net/united-states/) - [Canada](https://www.jsa.net/canada/) - [Europe](https://www.jsa.net/europe/) - [Flexibility](https://www.jsa.net/#) - [Small Company Offerings](https://www.jsa.net/small-company/) - [Medium Company Packages](https://www.jsa.net/medium-company/) - [Large Company Partnerships](https://www.jsa.net/large-company/) - [Channels](https://www.jsa.net/#) - [Telecom Exchange (TEX)](https://www.jsa.net/tex/) - [CEO Exchange](https://www.jsa.net/ceo-exchange/) - [JSA TV](https://www.jsa.net/jsa-tv/) - [JSA Radio](https://www.jsa.net/jsa-radio/) - [Virtual CEO Roundtables](https://www.jsa.net/virtual-roundtables/) - [Women’s Speaking Initiative](https://www.jsa.net/womens-speaking-initiative/) - [Industry Events](https://www.jsa.net/industry-events) - [Blog](https://www.jsa.net/blog/) # Level 3 to Acquire Global Crossing for $3 Billion in Stock [![](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png "Screen shot 2011-04-11 at 10.07.03 AM")](http://www.jsa.net/jsablog/2011/04/11/level-3-to-acquire-global-crossing-for-3-billion-in-stock/screen-shot-2011-04-11-at-10-07-03-am-2/)Level 3 Communications says it will acquire IP solutions and networking provider Global Crossing. The transaction is valued at $23.04 per share, or approximately $3 billion, including the assumption of approximately $1.1 billion of net debt from Global Crossing. The deal was an all-stock transaction. Read more from our friend Gary Kim's article posted on the Dark Fiber Community on TMCNet: [http://dark-fiber.tmcnet.com/topics/dark-fiber/articles/163080-level-3-communications-buys-global-crossing.htm](http://dark-fiber.tmcnet.com/topics/dark-fiber/articles/163080-level-3-communications-buys-global-crossing.htm) Read more about Level 3's [current revenue position here](http://files.shareholder.com/downloads/LVLT/1220560995x0x452772/49f7f826-7709-4f48-9981-73f8499899fc/Barclays%20High%20Yield%20-%20Level%203%20Communications_2011_03-24.pdf). Read more about the [merger benefits here](http://files.shareholder.com/downloads/GLBC/1220568680x0x457798/2a3f1f82-35ad-41ba-93cc-37dc103ece8d/Updated%20Level%203%20Communications_Global%20Crossing%20Announcement_Fact%20Sheet_04-11-11%20(2).pdf). [dark fiber](https://blog.jsa.net/blog/tag/dark-fiber), [IP Solutions](https://blog.jsa.net/blog/tag/ip-solutions), [IP transit](https://blog.jsa.net/blog/tag/ip-transit), [Ethernet](https://blog.jsa.net/blog/tag/ethernet), [Data Center](https://blog.jsa.net/blog/tag/data-center), [data network services](https://blog.jsa.net/blog/tag/data-network-services), [Global Crossing; Level 3](https://blog.jsa.net/blog/tag/global-crossing-level-3), [Global Telecommunications](https://blog.jsa.net/blog/tag/global-telecommunications), [internet security](https://blog.jsa.net/blog/tag/internet-security), [Submarine Cable Network](https://blog.jsa.net/blog/tag/submarine-cable-network), [Telecom](https://blog.jsa.net/blog/tag/telecom), [Telecommunications](https://blog.jsa.net/blog/tag/telecommunications), [Transatlantic Cable](https://blog.jsa.net/blog/tag/transatlantic-cable) #### Share This Article [mailto:?body=https://blog.jsa.net/blog/level-3-to-acquire-global-crossing-for-3-billion-in-stock/4029](mailto:?body=https://blog.jsa.net/blog/level-3-to-acquire-global-crossing-for-3-billion-in-stock/4029) TEX Dallas 2019 is taking place on March 13, 2019 at the Aloft Dallas Downtown. 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P.O Box 20 Middlebrook, VA 24459 Email: sales@jsa.net Phone: +1.866.695.3629 ### LATEST TELECOM NEWS ### Recent Tweets - As the [#telecom](https://twitter.com/hashtag/telecom?src=hash) industry's expert in all things [#PR](https://twitter.com/hashtag/PR?src=hash) and [#marketing](https://twitter.com/hashtag/marketing?src=hash), earlier this year we created an eBook with our… [twitter.com/i/web/status/1…](https://twitter.com/i/web/status/1173694994097561600) [1 day ago](https://twitter.com/telecompr/statuses/1173694994097561600) - We are just under 2 months out from [#TEX2019](https://twitter.com/hashtag/TEX2019?src=hash) LA! 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