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.