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  6. Global Crossing Acquires Genesis Networks

M&A Deal Summary

Global Crossing Acquires Genesis Networks

On November 1, 2010, Global Crossing acquired communications company Genesis Networks for 27M USD

Acquisition Highlights
  • This is Global Crossing’s 5th transaction in the Communications sector.
  • This is Global Crossing’s 3rd largest (disclosed) transaction.
  • This is Global Crossing’s 3rd transaction in the United States.
  • This is Global Crossing’s 2nd transaction in New York.

M&A Deal Summary
Date 2010-11-01
Target Genesis Networks
Sector Communications
Buyer(s) Global Crossing
Deal Type Add-on Acquisition
Deal Value 27M USD

Target

Genesis Networks

New York, New York, United States
Genesis Networks operates one of the world's most advanced video fiber optic networks, providing service across 70 cities on five continents. Genesis Networks provides broadcasters, cable networks, production companies, and corporations with high-quality customized global video transmission services that are reliable, flexible and affordable.

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Buyer(S) 1

Buyer

Global Crossing

Hamilton, Bermuda
Category Company
Founded 1997
Sector Communications
DESCRIPTION

Global Crossing is a global IP, Ethernet, data center and video solutions provider with the world's first integrated global IP-based network. The company offers a full range of data, voice, collaboration, broadcast and media services delivered with superior customer service. Global Crossing provides services to enterprises; government departments and agencies; and 700 carriers, mobile operators and ISPs. It delivers converged IP services to more than 700 cities in more than 70 countries, and has 17 world-class data centers in major business centers around the globe.

DEAL STATS #
Overall 5 of 5
Sector: Communications M&A 5 of 5
Type: Add-on Acquisition M&A Deals 5 of 5
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2010 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-09 IMPSAT

Buenos Aires, Argentina

IMPSAT Corp. is a provider of broadband, data, Internet, voice, and data center services.

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