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CenturyLink to acquire Level 3 Communications for $34bn

CenturyLink set to acquire fellow ISP, telecommunications giant Level 3 for staggering $34 billion

Sean Ridgeley | Oct 31, 2016 at 3:31 pm CDT (0 mins, 45 secs time to read)

CenturyLink is set to acquire fellow international ISP and telecommunications company Level 3 Communications for a staggering $34 billion. The deal means CenturyLink has followed suit with other internet giants Verizon and Yahoo, and AT&T and Time Warner, who also combined forces in recent times.

CenturyLink to acquire Level 3 Communications for $34bn | TweakTown.com

Combined, CenturyLink and Level 3 will operate in over 60 countries and bolster their now collective reputation as some of the largest companies of their kind as well as expand the former company's network by 200,000 miles of fiber.

Once the transaction is complete, CenturyLink will own approximately 51 percent of Level 3, the latter of which will relocate to Monroe, Louisiana from Broomfield, Colorado. CenturyLink CEO Glen Post will remain in his position, while Level 3's CFO and CenturyLink's chairmain of the board.

The acquisition could be bad news for supporters of net neutrality, as CenturyLink is known opponent of net neutrality while Level 3 is a known proponent.

Last updated: Sep 1, 2017 at 05:18 am CDT

Sean Ridgeley

ABOUT THE AUTHOR - Sean Ridgeley

Sean has a background in journalism, and has been using that to write about gaming and tech since 2008 - first for Neoseeker, then Rage3D, and now, TweakTown. As News Editor, Sean's job is to supply regular stories on the latest happenings in the tech world. He also writes tweak guides to help you get the most out of your PC games and hardware.

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