Backbone Firm Level 3 to Buy Global Crossing for 3 Billion

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(WEB HOST INDUSTRY REVIEW) –- Fiber-based communications services provider Level 3 Communications (www.level3.com) announced on Monday it will acquire rival Global Crossing (www.globalcrossing.com) in an all-stock deal valued at $ 3 billion, including $ 1.1 billion in net debt.

The deal is pending regulatory and shareholder approval and is expected to close by the end of 2011.

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US-based Level 3 is offering 16 of its own shares for each Global Crossing share, equal to $ 23.04 per share at Level 3’s closing share price the day before the deal was announced.
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Web Hosting Provider Secured Servers Adds Network Carrier Global Crossing

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Web Hosting Provider Secured Servers Adds Network Carrier Global Crossing
February 2, 2011 — Dedicated hosting provider Secured Servers announced on Tuesday that it has  improved the redundancies to its bandwidth offering by adding another network carrier.
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Virtual Internet, UK’S Major Hosting Provider, Now Offers Two Cutting-Edge Products: Xen and VMware Platforms
Virtual Internet (VI) – one of UK’s top providers of business-class web hosting solutions – are delighted to announce they’ve recently launched Xen Sandbox Cloud servers as well as upgraded their VMware hosting solution, the industry’s latest cloud hosting technologies to meet your individual business requirements. (PRWeb February 05, 2011) Read the full story at http://www.prweb …
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