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Global Crossing Acquiring Impsat

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FLORHAM PARK, N.J., Oct. 26, 2006 -- IP-based network provider Global Crossing Ltd. announced today that it will acquire telecommunications company Impsat Fiber Networks Inc. of Argentina in a cash and stock deal worth approximately $336 million. Global Crossing said it will pay $9.32 in cash for each share of Impsat common stock, for a total of $95 million. The company will also assume approximately $241 million in Impsat debt. Impsat provides private telecommunications network and Internet services in Latin America; it owns and operates 15 metropolitan area networks and 15 advanced hosting centers there. Impsat...Read full article

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    Published: October 2006
    acquisitionsCommunicationsGlobal CrossingImpsatIPLatin AmericaLegerenetworkNews & Featurestelecommunicationstransaction

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