Level 3 gets passport to Latin America through Global Crossing

With an appetite for Latin America’s burgeoning communications market, Level 3 Communications Inc. is devouring Global Crossing Ltd. On Monday, the companies announced a $3 billion deal that will make Global Crossing a subsidiary of Level 3 in a move to sate the ravenous demand for bandwidth. According to Level 3, the acquisition will expand its footprint in several markets around the world especially in Latin American countries such as Brazil, Chile, Mexico and Argentina where Global Crossing operates.

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