The Broadband Guide
SG
search advanced
 Username:
 Password:
Register
 forgot password?

FCC approves CenturyLink-Level 3 merger

2017-10-31 14:34 by

 

Roughly a year since it was announced, CenturyLink has received all of the necessary regulatory approvals to complete its $34 billion acquisition of Level 3 Communications. The Federal Communications Commission (FCC) has approved the merger with minor restrictions.

"The FCC's approval of CenturyLink's acquisition of Level 3 is great news and means we now have all the regulatory approvals we need to close the transaction," said CenturyLink Senior Vice President for Public Policy and Government Relations John F. Jones. "We anticipate closing the transaction effective November 1, 2017."

With the deal, CenturyLink said it is seeking to expand its reach in the business communications market and compete with AT&T Inc. and Verizon Communications Inc.

The combined company will offer customers a broader and more complementary range of services and solutions, and enable the advanced technology and growing bandwidth needs of its business, government and consumer customers, CenturyLink said.

Read more -here-

 

  Post your review/comments
    rate:
   avg:
News Glossary of Terms FAQs Polls Cool Links SpeedGuide Teams SG Premium Services SG Gear Store
Registry Tweaks Broadband Tools Downloads/Patches Broadband Hardware SG Ports Database Security Default Passwords User Stories
Broadband Routers Wireless Firewalls / VPNs Software Hardware User Reviews
Broadband Security Editorials General User Articles Quick Reference
Broadband Forums General Discussions
Advertising Awards Link to us Server Statistics Helping SG About