From PC World: CenturyLink plans to acquire internet backbone company Level 3 Communications in a US$34 billion cash and stock deal that aims to consolidate the networks and customers of the two companies.
The combined company, operating in more than 60 countries, will be able to offer CenturyLink's larger enterprise customers the benefits of a larger global presence, and will also be positioned to further invest in the reach and speed of its broadband infrastructure for small businesses and consumers, the companies said.
CenturyLink is currently focused on global communications, hosting, cloud, and IT services, offering both network and data systems management with more than 55 data centers in North America, Europe, and Asia. It provides broadband, voice, video, data, and managed services over a 250,000-mile U.S. fiber network and a 300,000-mile international transport network.
"The digital economy relies on broadband connectivity, and together with Level 3 we will have one of the most robust fiber network and high-speed data services companies in the world," Glen Post, CenturyLink's CEO and president, said in a statement Monday.
The deal will boost CenturyLink's network by 200,000 route miles of fiber, which includes 64,000 miles in 350 metropolitan areas and 33,000 subsea miles connecting multiple continents, according to the companies.
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