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On October 31, 2016, CenturyLink announced an agreement to acquire Level 3 Communications in a cash and stock transaction. [6] Level 3 became part of CenturyLink on November 1, 2017.
Nov 1, 2017 · CenturyLink, Inc. (NYSE: CTL) has completed its acquisition of Level 3 Communications, Inc. The combination of CenturyLink and Level 3 creates a leading global network services company capable of providing customers a wide range of high-quality technology solutions over a secure and reliable fiber-rich network.
Oct 31, 2016 · Post, who has worked at CenturyLink since 1976, will lead the combined company, while Level 3 Chief Financial Officer Sunit Patel will keep that title of the merged entity.
Nov 1, 2017 · Telecom provider CenturyLink is now the proud owner of Level 3 Communications. Combined, the new company will form the second largest domestic communications provider serving global...
Oct 31, 2016 · CenturyLink (NYSE: CTL) and Level 3 Communications, Inc. (NYSE: LVLT) today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt.
Oct 31, 2016 · CenturyLink confirmed that it is going to acquire Level 3 Communications for $34 billion, creating what will be the second largest domestic provider and posing a greater threat to AT&T and Verizon in targeting global enterprise customers.
Nov 1, 2017 · CenturyLink shareholders now own approximately 51 percent and former Level 3 stockholders now own approximately 49 percent of the combined company. CenturyLink remains headquartered in Monroe, La., with a key operational presence in Colorado and the Denver metropolitan area.