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Tag Archives: FCC

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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FCC Votes to Roll Back Net Neutrality Rules

The Federal Communications Commission voted Thursday to roll back restrictions on internet providers, commonly referred to as “net neutrality” rules. These regulations were put in place under the Open Internet Order of 2015 during Obama’s presidency. By a 2-1 vote led by FCC Chairman Ajit Pai, the agency proposed to end …

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AT&T Lands $6.5B FirstNet Contract to Deploy Public Safety Broadband Network; Kay Kapoor Comments

The First Responder Network Authority has awarded AT&T (NYSE: T) a potential $6.5 billion contract to build a national public safety broadband network for first responders under a 25-year public-private partnership. AT&T will invest approximately $40 billion to develop, field and maintain the national wireless network over the next 25 years …

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CenturyLink Secures FCC Task Order for MTIPS Deployment; Erich Sanchack Comments

TYSONS CORNER, VA, Feb. 16, 2017 — CenturyLink (NYSE: CTL) has secured an $875,000 task order from the Federal Communications Commission to support FCC’s information technology center in Gettysburg, Pennsylvania, ExecutiveBiz reported Friday. The company said Feb. 9 it will deliver managed trusted internet protocol services in efforts to facilitate internet and external network …

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Potomac Officers Club Rounds Out Speakers List for Internet of Things Forum

TYSONS CORNER, VA., January 24, 2017 — The Potomac Officers Club — a division of Executive Mosaic — rounds out speakers for their 2017 Internet of Things – Emerging Technologies Forum. The Internet of Things (IoT)—a term used to describe the set of physical objects embedded with sensors or actuators …

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AT&T CEO to Chair FCC-Affiliated ‘Strike Force’ Against Automated Calls

TYSONS CORNER, VA, July 27, 2016 — AT&T (NYSE: T) Chairman and CEO Randall Stephenson has accepted Federal Communications Commission Chairman Tom Wheeler’s request for Stephenson to lead a group that will work to drive private-sector efforts against automated calls, ExecutiveBiz reported Tuesday. The company said in a blog entry posted Monday …

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Weekly Roundup June 20 – June 24 2016: Brexit Vote Fallout Reaches Defense Stocks & more

June 20 – June 24 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson   Thursday’s highly-anticipated and historic “Brexit” vote in the U.K. led investors all over the world and so many other interested stakeholders to speculate over the implications of Britain’s potential …

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