A broadband behemoth is born: Century Link to buy Level 3 Communications for $24 Billion
By Narottam Medhora and Supantha Mukherjee – Telecom company CenturyLink Inc said on Monday it would buy Level 3 Communications Inc in a cash-and-stock deal with an equity value of about $24 billion to expand its fiber optic network and high-speed data services. Level 3 shares were up about 5.5 percent at $57 in premarket trading while CenturyLink’s shares […]
