Level 3 | Did Centurylink Buy

The agreement was first announced on October 31, 2016 .

Yes, (now known as Lumen Technologies ) successfully acquired Level 3 Communications in a massive deal valued at approximately $34 billion . Key Details of the Acquisition did centurylink buy level 3

The merger created the second-largest domestic communications provider serving global enterprise customers, significantly expanding CenturyLink's fiber network to approximately 450,000 route miles . What Happened After? CenturyLink Transforms, Rebrands as Lumen The agreement was first announced on October 31, 2016

Level 3 shareholders received $26.50 per share in cash plus 1.4286 shares of CenturyLink stock for each Level 3 share they owned. 2016 . Yes

The deal officially closed on November 1, 2017 , after receiving final approvals from the Federal Communications Commission (FCC) and the Department of Justice.