It took five and a half months, but Level 3 Communications (NYSE:LVLT, news, filings) finally got what it has been waiting for. The FCC and the DOJ have now approved the company's purchase of Global Crossing. The two companies now say they may complete the merger as early as next week. Certainly they won't waste any time. Actually, I had always thought the timing might work out for an October 1 close - it had always seemed like a likely target date for all concerned.
What I did not expect was that it was the US regulatory process that held things up this far, considering the consolidation of so much of the very dynamic IP transit world under one roof in one fell swoop. Apparently the South American countries that slowed Global Crossing's Impsat purchase a few years back were rather more nimble on their feet.
Whatever. Now the integration begins.
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