Shareholders from Level 3 Communications and Global Crossing Limited have approved the acquisition of Global Crossing by Level 3, at an approximate amount of US$3 billion. At the shareholders' meeting of Global Crossing, 99.8% of shares represented voted in favor of the adoption of the agreement between Global Crossing and Level 3. At the shareholders' meeting of Level 3, 99.6% of shares represented voted in favor of the issue of Level 3 shares for Global Crossing' shareholders, while 85.2% voted in favor of the proposal to adopt the amendment to Level 3 By-Laws.