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CenturyLink buys Level 3 for $34B US

telecom | 10/31/2016 7:31 pm EDT

CenturyLink Inc. said Monday it is buying Level 3 Communications Inc. in a deal valued at approximately $34 billion US. “The combined company will have the ability to offer CenturyLink's larger enterprise customer base the benefits of Level 3's global footprint with a combined presence in more than 60 countries,” the companies said in a press release.  CenturyLink president and CEO Glen Post added in the release that “together with Level 3 we will have one of the most robust fiber network and high-speed data services companies in the...