The U.S. company will be one of the leading companies worldwide with a powerful fiber optic network in three continents. In Latin America, will become a strong competitor to Telefónica and Telmex. American companies will return to play hard in Latin America with the acquisition of Global Crossing on behalf of Level 3 Comunnications. The new player has extensive global experience as an operator of services, especially content, one of the big businesses that gained momentum during this decade. Probably, it will take advantage of being situated in the United States to synergize with the film and series industry of that country.

If this happens, the battle taking place in the region between Telefónica and Telmex will have an umpire with broad financial shoulders and a competitive profile that characterizes Yankee companies. Nevertheless, it must start as a beginner in most countries and see how they play their strategy with the different regulations of each country throughout the region.

Level 3 Communications has completed the purchase of Global Crossing for a total of US$ 3 billion, including about US$ 1.1 billion of debt, in a stock swap transaction which should be ready by the end of this year, after obtaining the approval of U.S. regulatory authorities. For this operation, Level 3 Financing obtained loans totaling US$ 1.75 billion with the approval of Global Crossing's main shareholder, Singapore Technologies Telemedia.

In Latin America, Level 3 will affect both Telmex and Telefónica, who hoped to revitalize fixed accounts in retreat with audiovisual services. Now, they must compete or be associated with a giant that has privileged access to U.S. producers, which reaches the most densely populated areas with direct fiber.

The new company will operate with a single global platform with fiber-optic networks in three continents (Europe, Asia and America) connected via submarine cables. With presence in more than 50 countries and connection to about 70, it will have a turnover of approximately US$ 6.36 billion if we take into account the data of both companies in 2010 and an adjusted EBITDA of US$ 1.27 billion.

Moreover, it will have the capacity to meet the requirements of local, regional and global customers in a large number of markets including employer, wholesale, government, point to point data as well as voice and video solutions.

Looking at Level 3’s coverage, we can see that it has seven inter-oceanic cables linking North America and Europe entering Britain and Spain. In the United States, their country of origin it has fiber optic rings in all states except Montana and North and South Dakota, on the border with Canada. In Europe, it has its own rings in the most important countries. Up to Sofia, Bulgaria, and Bucharest, in Romania

With Global Crossing's network it will arrive to Oceania, Russia, India, Japan, China and Southeast Asia. In particular, the purchase will give it significant capillary in Latin America.

In addition to corporate services, Level 3 is positioned as Content Delivery Manager. Its new capillary is strategic for the delivery of U.S. content to the rest of the world.