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US: A $25 Billion fiber merger is in the works

By  |  November 1, 2016

Happy Halloween, and as the sugar high from this past weekend’s festivities slowly subsides, it back to focusing on tech news and stories about companies spending nearly unfathomable amounts of money to buy other tech companies. Hot on the heels of the AT&T / Time-Warner mega-merger comes news that ISP CenturyLink is buying up Level 3, a broadband and internet infrastructure company, for $34 billion in stock.

Level 3 may not have the high profile of Time-Warner or other big tech firms, but they’re a huge international player when it comes to building out expansive internet infrastructure with optical fiber and networking systems. Heck, you might be using their systems right now to watch this video.

The merger is expected to greatly expand CenturyLink’s data and internet businesses, which they’ll need to battle the ATT& Time Warner juggernaut.

Full Content: Yahoo

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