Global Crossing is once again back in the news. Yes the same Global Crossing from the late 1990s that invested Internet backbone across the globe without a solid business model. And executives who treated themselves as kings until the entire company went bankrupt in 2002. Global Crossing, bought out of bankruptcy by Singapore Telecom in 2003, has now been acquired by Level 3. Level 3, like Global Crossing, is an Internet backbone provider and this acquisition expands their global reach, especially into Latin America and England. Forget oil and water, with the information age upon us, bandwidth is the commodity of the future. These developments are worth tracking very closely.
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(submitted by Mike)