CenturyLink shareholders owned roughly 51% of the combined company; Level 3 shareholders owned about 49%.
The deal allowed CenturyLink to utilize approximately $10 billion in tax credits (net operating losses) from Level 3. 🌐 Strategic Impact CENTURYLINK TO ACQUIRE LEVEL 3 COMMUNICATIONS centurylink buys level 3
CenturyLink completed its acquisition of Level 3 Communications on . The transaction, valued at approximately $34 billion including debt, transformed CenturyLink into the second-largest U.S. communications provider serving global enterprise customers. Transaction Details CenturyLink shareholders owned roughly 51% of the combined