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CenturyLink Closes $34B Level 3 Purchase

CenturyLink (NYSE: CTL) has wrapped up its $34 billion acquisition of Level 3 Communications. The merger’s completion creates a combined entity with $24 billion in estimated pro forma annual revenue and a global network that links at least 350 metropolitan areas with over 100,000 on-net, fiber-equipped buildings, CenturyLink said Wednesday. The new …

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FCC OKs CenturyLink’s $34B Buy of Level 3

The Federal Communications Commission has cleared CenturyLink‘s (NYSE: CTL) proposed $34 billion 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 …

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Justice Dept OKs CenturyLink-Level 3 Merger Deal

The Justice Department has agreed to approve the pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) by CenturyLink (NYSE: CTL), subject to court approval of certain conditions in a consent decree. CenturyLink said Monday the combined firm needs to divest 24 dark fiber strands that link 30 city-pairs across the U.S. via an …

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CenturyLink Moves Closing Date for $34B Level 3 Acquisition to October

CenturyLink (NYSE: CTL) has pushed back the projected closing date for its pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) through a cash-and-stock transaction from Sept. 30 to mid-to-late October. The revised timeframe for the transaction’s intended closure was based on the California administrative law judge’s recommendation for the California Public Utilities …

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Level 3 Vet Edward Morche to Serve as CenturyLink President of Strategic Enterprise, Federal and State Gov

Edward Morche, a 16-year Level 3 Communications (NYSE: LVLT) veteran, will serve as president of strategic enterprise, federal government and state government business unit at CenturyLink (NYSE: CTL) once the Monroe, Louisiana-based telecommunications firm completes its pending $34 billion acquisition of Level 3. Erich Sanchack continues to lead the federal government group. Morche will …

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Level 3’s Jeff Storey to Succeed Glen Post as CenturyLink CEO in 2019

Jeff Storey, president and CEO of Broomfield, Colorado-based Level 3 Communications (NYSE: LVLT), will serve as president, chief operating officer and board member at CenturyLink (NYSE: CTL) once the Monroe, Louisiana-based telecommunications firm completes its planned $34 billion acquisition of Level 3. Storey will succeed CenturyLink CEO Glen Post, who will …

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CNSI Government Services Org Earns CMMI Maturity Level 3 Appraisal; Adnan Ahmed Comments

TYSONS CORNER, VA, May 8, 2017 — CNSI‘s government services unit has achieved a CMMI Institute Capability Maturity Model Integration appraisal at Maturity Level 3 for its “defined” business processes, ExecutiveBiz reported Friday. The company said Thursday CUNIX Infotech performed an independent evaluation of CNSI’s standard processes and performance against the CMMI capability improvement …

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Glen Post to Lead Senior Leadership Team of Future CenturyLink-Level 3 Combined Firm

CenturyLink (NYSE: CTL) has named the executives that will form the senior leadership team of the future combined company that will result from its planned $34 billion purchase of Level 3 Communications (NYSE: LVLT). Glen Post III, CEO and president of CenturyLink, will lead the team as part of the …

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CenturyLink, Level 3 Get 4 Additional State Clearances for Planned $34B Merger

CenturyLink (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) have received regulatory clearances in Maryland, Delaware, Hawaii and Washington, D.C., for the companies’ planned merger that was announced in October 2016. The approvals are in addition to the clearances the firms earlier received from the states of Connecticut, Georgia, Indiana, Louisiana, Nevada, Ohio, Texas, Utah and …

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CenturyLink, Level 3 Shareholders OK $34B Merger Deal

Shareholders at CenturyLink (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) have separately approved the deal originally announced in October 2016 for CenturyLink to buy Level 3 for approximately $34 billion in a cash-and-stock transaction. Holders of approximately 81.2 percent of all outstanding shares in Level 3 voted in favor of the merger …

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