Level 3 Communications is one of only six Tier 1 Internet providers in the world, and currently ranked one of the world’s most connected ISPs. Global Crossing serves 40% of Fortune 500 companies in addition to 700 ISPs, carriers, and mobile operators worldwide.
Over a decade ago, both companies raised billions to build fiber-optic networks around the globe in response to the projected demand for Internet-based services. Then, in 2001 when the telecom industry buckled, both network operators fought to stay afloat amid a slump in demand for capacity, aggressive competition, and heavy debt. As a result, Level 3… Read more »
