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CenturyLink to buy Level 3 for $34 billion

The acquisition values Level 3 at $66.50 a share, the companies said in a statement on Monday

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Bloomberg
CenturyLink agreed to buy Level 3 Communications for about $34 billion in cash and stock, creating a more formidable competitor to AT&T in the market to handle heavy internet traffic for businesses. The acquisition values Level 3 at $66.50 a share, the companies said in a statement on Monday.

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First Published: Nov 01 2016 | 12:01 AM IST

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