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US: Merger talks advance for CenturyLink

By  |  October 27, 2016

CenturyLink Inc. is in advanced talks to merge with Level 3 Communications Inc., a deal that would give the business-telecommunications companies greater heft in a brutally competitive industry.

Although terms of the deal couldn’t be learned, as of Thursday afternoon before reports of the talks, Level 3 had a market value of $16.8 billion while CenturyLink was worth $15.2 billion.

CenturyLink gets about two-thirds of its revenue from business customers, while Level 3’s comes entirely from that segment.

The possible deal illustrates both companies’ dwindling acquisition opportunities in the sector after years of consolidation.

Full Content: The Wall Street Journal

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