Items tagged with (nyse:ctl)

CenturyLink has entered into a definitive agreement to buy Internet backbone provider Level 3 Communications in a cash and stock transaction valued at around $34 billion. The deal, which was unanimously approved by the board of directors for both companies, bolsters CenturyLink's fiber optic footprint by 200,000 miles, including 64,000 miles in 350 metropolitan areas and 33,000  subsea miles connecting multiple continents. "The digital economy relies on broadband connectivity, and together with Level 3 we will have one of the most robust fiber network and high-speed data services companies in the world," said Glen Post, CenturyLink Chief Executive Officer and President. "This transaction... Read more...