11 Apr
2011
11 Apr
'11
10:22 a.m.
----- Original Message -----
From: "William Allen Simpson" <william.allen.simpson@gmail.com>
http://www.bloomberg.com/news/print/2011-04-11/level-3-agrees-to-acquire-glo...
The deal will combine two unprofitable companies with total revenue of $6.26 billion as of last year, and cut annualized capital spending by about $40 million, according to the statement. It will also help reduce the pressure on prices, which have declined by as much as 30 percent a year in the industry, said Donna Jaegers, an analyst at DA Davidson & Co.
Let me see if I have that straight. We're *admitting* in public that the result will be to make prices go up for customers? Wow... Justice is going to have a field day with that. Cheers, -- jra