CenturyLink and Level 3 Move 1 Step Closer to Final Approval
Last week, CenturyLink (NYSE: CTL) and Level 3 Communications (NYSE: LVLT) inched closer to sealing their merger, nearly one year after the deal was announced.
The Department of Justice approved the merger, though it also had some conditions: The combined company must divest certain assets in Albuquerque, N.M.; Boise, Idaho; and Tucson, Ariz. It must also sell 24 strands of "dark fiber" -- unused fiber strands that can be leased to other companies wishing to stream data over its network.
The divestitures shouldn't have too great an impact on the combined company. And after the $25 billion merger CenturyLink will be a huge global telecom service provider:
Source: Fool.com
