M&A Deal Summary

Level 3 Communications Acquires Global Crossing

On April 11, 2011, Level 3 Communications acquired communications company Global Crossing for 3.0B USD

Acquisition Highlights
  • This is Level 3 Communications’ 12th transaction in the Communications sector.
  • This is Level 3 Communications’ 2nd largest (disclosed) transaction.
  • This is Level 3 Communications’ 1st transaction in Bermuda.

M&A Deal Summary
Date 2011-04-11
Target Global Crossing
Sector Communications
Buyer(s) Level 3 Communications
Deal Type Add-on Acquisition
Deal Value 3.0B USD
Advisor(s) Goldman Sachs (Financial)
Latham & Watkins (Legal)

Target

Global Crossing

Hamilton, Bermuda
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.

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Buyer(S) 1

Buyer

Level 3 Communications

Broomfield, Colorado, United States
Category Company
Founded 1884
Sector Communications
Employees12,500
Revenue 8.2B USD (2015)
DESCRIPTION
Level 3 Communications' corporate headquarters in Broomfield, Colorado.
Level 3 Communications' corporate headquarters in Broomfield, Colorado.

Level 3 Communications, Inc. is a provider of local, national and global communications services to enterprise, government and carrier customers. Level 3’s portfolio of managed solutions includes fiber and infrastructure solutions, IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 Communications, Inc. was originally established in 1884 and is headquartered in Broomfield, Colorado.

DEAL STATS #
Overall 18 of 21
Sector (Communications) 12 of 15
Type (Add-on Acquisition) 14 of 17
Country (Bermuda) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-11 Servecast

Dublin, Ireland

Servecast Ltd. is a provider of live and on-demand video management and streaming services for broadband and mobile platforms.

Buy €33M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-27 FibreSpan Limited

Southampton, United Kingdom

FibreSpan is a UK-based network carrier specializing in dark fiber and ultra-high bandwidth "fiber-to-door" connectivity services for media companies in Central London.

Buy -
Mergr

Product

Company

Legal