Market Insight

(CenturyLink – Data Center Assets) + Level 3 = Cloud Services

November 09, 2016  | Subscribers Only

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On October 31, 2016, CenturyLink announced it reached an agreement to acquire Level 3, one of its major competitors in the broadband connectivity and off-premises cloud market, for approximately $34B including the assumption of debt, resulting in a new company 51% owned by CenturyLink and 49% by Level 3 existing shareholders.

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