Wash. UTC Settlement Would OK CenturyLink/Level 3

CenturyLink got a tentative greenlight for its Level 3 buy from the Washington Utilities and Transportation Commission. UTC telecom staff Friday filed an all-party settlement in docket UT-170042 to approve the $34 billion deal, the commission said in a Friday news release. Staff, Level 3, CenturyLink and the state attorney general’s public counsel signed the settlement. It includes commitments by CenturyLink to (1) file an annual report for three years showing spending on network maintenance, with explanation if the amount spent per access line is less than 2014-2016; (2) notify the UTC about major outages within 30 minutes, until 2021, and copy the UTC on Network Outage Reporting System reports about the state that it files with the FCC; (3) file annual reports on federal USF support from July this year to 2021; (4) file Communications Act Section 251 interconnection agreements between CenturyLink subsidiaries and Level 3 subsidiaries; (5) issue a news release about transaction closing and notify customers if the company’s name changes; and (6) assign a dedicated project manager to work on the transition to Next-Generation 911. The UTC will formally present the settlement May 25 to the parties, which then will accept, reject or modify the agreement, the commission said. “We are pleased to have reached a settlement in Washington in the case regarding the acquisition of Level 3," a CenturyLink spokeswoman emailed Monday. "This is an important milestone as we make progress toward the completion."