CenturyLink Completes Acquisition of Level 3

CenturyLink said Wednesday it closed its takeover of Level 3, two days after the FCC approved license transfers with limited conditions, the deal's last regulatory clearance (see 1710300065 and 1710310036). "The combined company, with estimated pro-forma revenue of $24 billion" (with certain adjustments) for the 12 months ending June 30, "anticipates that approximately 75 percent of its core revenue will come from business customers and nearly two-thirds of its core revenue will come from strategic services," said a release.