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Minnesota and Virginia approve CenturyLink - Level 3 merger

The states of Minnesota and Virginia recently approved the merger of CenturyLink, Inc. (NYSE: CTL) and Level 3 Communications, Inc. (NYSE: LVLT).

These two states joined Delaware, the District of Columbia, Georgia, Hawaii, Maryland, Ohio, Utah and West Virginia in approving the merger. The merger also recently received regulatory clearance from Puerto Rico and Montana, joining Connecticut, Indiana, Louisiana, Nevada and Texas in granting regulatory clearance for the merger.

“More than 15 states and territories have approved or cleared the CenturyLink - Level 3 merger, showing that regulators understand this transaction will create a robust, resilient and secure network and improve the combined company’s ability to meet the ever-increasing demands of customers,” said CenturyLink Senior Vice President for Public Policy and Government Relations John F. Jones. “The strength of our combined network will help customers access higher bandwidth services in more locations and connect more businesses to customers around the globe.”

The merger, announced Oct. 31, 2016, should allow the combined company to offer enterprise and wholesale customers a broader and more complementary range of services and solutions, and position the combined company to enable the advanced technology and growing bandwidth needs of its customers, including small businesses, large businesses, large multinational enterprises and government entities.

In December 2016, CenturyLink began filing applications with the appropriate federal and state regulatory agencies. The transaction is subject to the company receiving various regulatory approvals and other customary closing conditions. The two companies continue to expect to receive the remaining state, federal and international approvals in time to complete the merger by Sept. 30, 2017.

About CenturyLink

CenturyLink (NYSE: CTL) is a global communications and IT services company focused on connecting its customers to the power of the digital world. CenturyLink offers network and data systems management, big data analytics, managed security services, hosting, cloud, and IT consulting services. The company provides broadband, voice, video, advanced data and managed network services over a robust 265,000-route-mile U.S. fiber network and a 360,000-route-mile international transport network. Visit CenturyLink for more information.

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