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Technology Stocks : XO Holdings, Inc. (XOHO - XO Communications)

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To: FJB who wrote (600)	4/11/2011 9:52:47 PM
From: tech101	1 Recommendation of 615

The incredible rise in video and cloud computing traffic anticipated in the coming years around the world gigaom.com Why You May Care About Level 3 Buying Global Crossing Level 3 Communications has agreed to buy Global Crossing Limited in an all-stock transaction worth $3 billion. The deal, announced Monday, is a sign of the greater consolidation needed as broadband becomes the connecting fabric of our lives (and you thought it was cotton). The question isn’t why this deal between two telecommunications backbone providers happened, but why now? As Global Crossing CEO John Legere pointed out in the conference call, this is a deal that has been discussed several times in the last few years, but only today came to fruition. The reasons? An increasing need for scale among the global telecommunications players, a changing network topology as well as the incredible rise in video and cloud computing traffic anticipated in the coming years around the world.

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