Regulators approve Level 3-Global Crossing merger
{mosads} The combined company will operate fiber optic networks on three continents and 70 countries. The networks are connected by undersea lines.
Although Internet traffic has grown dramatically in recent years, both companies struggled to use excess capacity that had been built up during the dot-com boom.
“Finding no significant risk of competitive harm, and finding that the transaction was in the public interest, the merger was approved without conditions,” an FCC spokesman said.
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