Network operator CenturyLink which provides services to both consumers and enterprises has struck an agreement to acquire Level 3 Communications, an enterprise solutions and global connectivity provider, in a transaction valued at around $34 billion including debt. The consolidation will enhance the scale of the business in the enterprise sector, which cable operators are increasingly targeting.
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Principal Analyst, Telecommunications, IHS Markit
Seth Wallis-Jones, a principal research analyst at IHS Markit, covers operator strategies for the Service Providers & Platforms team