Ron Burgundy Posted October 31, 2016 Share Posted October 31, 2016 (Reuters) - Telecommunications company CenturyLink Inc said it would buy Level 3 Communications Inc in a cash-and-stock deal with an equity value of about $24 billion to expand its fiber optic network and high-speed data services for business clients. The combination will put CenturyLink in a better position to compete bigger rivals such as AT&T Inc and Verizon Communications Inc by increasing its fiber network in the United States to 450,000 miles from about 250,000. The deal comes at a time when business clients are seeking more bandwidth and faster networks to move data. View the full article Quote Link to comment Share on other sites More sharing options...
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