CenturyLink, Level 3 create $24 bn network services company

CenturyLink newCenturyLink has completed its acquisition of Level 3 Communications, creating a global network services company capable of providing technology solutions over fiber network.

The combined company, with estimated pro forma revenue of $24 billion for the trailing twelve months ended June 30, 2017, 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.

CenturyLink’s network now connects more than 350 metropolitan areas with more than 100,000 fiber-enabled, on-net buildings, including 10,000 buildings in EMEA and Latin America.

“CenturyLink is now poised to offer an expanded, robust portfolio of communications solutions focused on our customers’ networking and IT services needs,” said Glen F. Post III, CenturyLink’s chief executive officer.

Jeff Storey, CenturyLink’s president and chief operating officer, said: “CenturyLink is focused on providing a differentiated experience for our customers, while driving profitable growth and increasing free cash flow per share.”

CenturyLink shareholders own approximately 51 percent and former Level 3 stockholders own approximately 49 percent of the combined company.

CenturyLink remains headquartered in Monroe, La., with a key operational presence in Colorado and the Denver metropolitan area.

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