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US: Merger between CenturyLink and Level 3 to create $50bn giant

 |  October 30, 2016

CenturyLink and Level 3 Communications are in advanced talks to merge, according to people familiar with the matter, in a deal that would create an enterprise telecommunications player worth more than $50 billion, including debt.

The deal comes as both companies’ corporate clients seek more bandwidth and faster capabilities to move data to run their businesses. It would combine Level 3’s enterprise services with CenturyLink’s network that provides Internet and telephone offerings to millions of customers.

The market for corporate customers’ voice and data services has been estimated by analysts to be worth anywhere from $57 billion to $100 billion in revenue per year.

The deal could be announced as soon as next week, according to one of the people.

Full Content: Fortune

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