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Level 3 Communications To Acquire Global Crossing For $2 billion

NEW YORK — Level 3 Communications Inc. said Monday it will acquire another top long-distance Internet carrier, Global Crossing Ltd., in an all-stock transaction valued at about $2 billion.Both companies operate vast networks of optical…

NEW YORK — Level 3 Communications Inc. said Monday it will acquire another top long-distance Internet carrier, Global Crossing Ltd., in an all-stock transaction valued at about $2 billion.

Both companies operate vast networks of optical fiber. Combined, they would reach 70 countries on three continents.

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