CenturyLink, a Network Provider, to Acquire Level 3, a Rival [telecom]

In a $25 billion deal, the two companies will combine to create one of the
largest communications providers for businesses.
By Leslie Picker
To those familiar with the telecommunications industry, the deal
announced between CenturyLink and Level 3 Communications on Monday was
not really a surprise. Both companies provide communications and
services like data, voice and video transmission for large enterprises
and each is trying to scrape away market share from rivals AT&T and
Verizon.
The $25 billion deal would make the combined company the
second-largest provider of communications to business in the United
States, after AT&T. It brings CenturyLink an additional 200,000 route
miles of fiber and potentially big commercial customers. In 2010,
Level 3 struck a multiyear agreement with Netflix to help it stream
its video content to consumers. Level 3 would not comment on whether
Netflix was still a customer.
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