Mobile

Short Take: Global Crossing completes acquisition of IXnet and IPC

Long-distance phone company Global Crossing says it has completed its acquisition of IXnet, a communications provider, and its parent company IPC Communications. The acquisition, a stock deal valued at $3.8 billion, was announced Feb. 22.

Long-distance phone company Global Crossing says it has completed its acquisition of IXnet, a communications provider, and its parent company IPC Communications. The acquisition, a stock deal valued at $3.8 billion, was announced Feb. 22.