The Federal Communications CommissionÂ has cleared CenturyLink‘s (NYSE: CTL) proposed $34 billionÂ acquisition of Level 3 Communications (NYSE: LVLT).
CenturyLink said Monday the FCC approval came two weeks after the California Public Utilities Commission cleared the acquisition at its Oct. 12 meeting.
John Jones, senior vice president for public policy and government relationsÂ at CenturyLink, said the FCC approval suggests that the company has all the required regulatory clearances to conclude the transaction.
Jones added that CenturyLink expects to close the deal Wednesday, Nov. 1.
The company noted that the U.S. District Court for theÂ District of ColumbiaÂ also ratified on Oct. 4 an asset preservation stipulation under a consent decree between CenturyLink and the Justice Department.