In a move that was anticipated before, during, and after its $34 billion acquisition deal for Level 3 Communications announced earlier this week, CenturyLink — America’s third-largest phone service provider — now says it is selling its colocation...
CenturyLink Inc. agreed to buy Level 3 Communications Inc. for about $34 billion in cash and stock, creating a more formidable competitor to AT&T Inc. in the market to handle heavy internet traffic for businesses.