CenturyLink $34 billion acquisition of Level 3 Communications

31/10/2016
Public acquisition

$ 34 billion

Announced

31/10/2016


Overview:

  • Telecommunications company CenturyLink has acquired Level 3 Communications in a $34 billion deal.
  • The price tag includes the assumption of Level 3's debt.
  • BofA Merrill Lynch and Morgan Stanley were CenturyLink's financial advisers, while Citigroup acted as financial adviser for Level 3 and Lazard provided a fairness option.
  • The deal is expected to close by the end of the third quarter of 2017.

Kurt Stumpo - Journalist

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