Third Level 3 Assets Divestiture Announced as DOJ Approves CenturyLink Tuscon Deal

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A third Level 3 assets divestiture deal was revealed today, as CenturyLink announced the Department of Justice (DOJ) approved a sale of assets in Tucson, Ariz. to First Digital Telecom. As a condition of approval for the Level 3 acquisition, CenturyLink was required to divest...Learn More

CenturyLink Divestiture of Level 3 Assets Process Continues, UPN Now in Play

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A second deal this week concerning CenturyLink divestiture of Level 3 assets was announced by the company, with news that the Department of Justice has approved the sale of certain Level 3 assets to Unite Private Networks (UPN) of Kansas City. When completed, UPN will...Learn More

Syringa Networks Moves Closer to Acquiring Level 3 Network Assets

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The Department of Justice has approved the purchase of Level 3 network assets in Idaho by Boise, Idaho based Syringa Networks. The deal fulfills certain divestiture requirements imposed by the DOJ for approval of CenturyLink’s acquisition of Level 3. The deal is only for the...Learn More

CenturyLink CFO: Integrating Level 3 is a Priority, But Digitizing the Customer Experience is As Well

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The top priority for CenturyLink for 2018 will be integrating the operations of Level 3, said CenturyLink CFO Sunit Patel yesterday. Other CenturyLink priorities for 2018 will include making the customer experience digital and positioning the company to offer its network on a shared services...Learn More

Analysts: Telcos Destined to Lose, Frontier and Windstream Bankruptcies May be in Near Future

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Frontier and Windstream bankruptcies could be coming in the “not-too-distant” future, said MoffettNathanson financial analysts in a research note today. “The market anticipates that both these companies will go bankrupt in the not-too-distant future, judging by their sagging bond prices and nosebleed credit default swap...Learn More

CenturyLink Completes Acquisition of Level 3

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MONROE, La., Nov. 1, 2017 /PRNewswire/ — 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...Learn More

With FCC Approval of the CenturyLink Level 3 Merger in Hand, Deal is Set to Close Wednesday

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With FCC approval of the CenturyLink Level 3 merger announced today, the stage is set for the deal to close Wednesday, CenturyLink said today. The deal already has received all other necessary approvals, a press release states.  Earlier this month, the Department of Justice approved...Learn More

DOJ Approval of CenturyLink, Level 3 Deal Includes Relatively Few Conditions

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CenturyLink’s plan to acquire Level 3 moved closer to finalization late yesterday with the news that the Department of Justice has approved the deal. The DOJ approval of the CenturyLink, Level 3 deal comes with relatively few conditions. CenturyLink will have to divest Level 3...Learn More

CenturyLink Announces Revised Timeframe for Closing of Level 3 Acquisition

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MONROE, La., Sept. 12, 2017 /PRNewswire/ — CenturyLink, Inc. (NYSE: CTL) today announced it is updating the closing timeframe for its acquisition of Level 3 Communications, Inc. (NYSE: LVLT). Based on the proposed decision filed by the California Administrative Law Judge last Friday recognizing that...Learn More

Level 3 Cloud Connect Solutions Offer Self-Service Path to AWS

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BROOMFIELD, Colo., Aug. 23, 2017 /PRNewswire/ — As enterprises find new ways to take advantage of the scale and agility afforded by the cloud, many find they need a network experience that can match the flexibility of the virtual environments to which they are connecting. To meet...Learn More

Downplaying Data Centers, CenturyLink Cloud Strategy Views Connectivity as a Better Play

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Like some other telecom service providers, CenturyLink has shifted away from the data center business. The company also has shifted their public cloud approach, adding additional capabilities for a multi-cloud approach, noted CenturyLink executives at financial conferences this week. The CenturyLink cloud strategy is now...Learn More

J.D. Power: Business Telecom Satisfaction Highest for Largest Companies, Highlighting SMB Opportunity

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Business telecom satisfaction is highest among large companies with 500 or more employees, according to new J.D. Power research. While those companies had overall internet and telephone satisfaction levels of 815 on a 1,000-point scale, the average score for very small businesses with 19 employees...Learn More

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