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New Jersey Backs CenturyLink-Level 3 Tie-Up

New Jersey

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PRESS RELEASE — MONROE, La., Aug. 23, 2017 /PRNewswire/ — The State of New Jersey has approved CenturyLink, Inc.‘s (NYSE: CTL) pending acquisition of Level 3 Communications, Inc. (NYSE: LVLT). With the New Jersey approval, California is the only state that has yet to approve or clear the acquisition.

New Jersey joins Alaska, Colorado, Delaware, Georgia, Hawaii, Maryland, Minnesota, Mississippi, New York, Ohio, Pennsylvania, Utah, Virginia, Washington, West Virginia and the District of Columbia in approving the acquisition. The transaction has also received regulatory clearance from Connecticut, Indiana, Louisiana, Montana, Nevada, Texas and Puerto Rico. The transaction remains subject to the company receiving various regulatory approvals and other customary closing conditions.

“We’re pleased to announce, with the addition of New Jersey, 24 states and territories have approved or cleared CenturyLink’s acquisition of Level 3 and recognize this transaction is clearly in the public interest,” said CenturyLink Senior Vice President for Public Policy and Government Relations John F. Jones. “We continue to work with the California Public Utilities Commission and federal regulatory agencies to secure the remaining approvals necessary to reach our target transaction closing date at the end of the third quarter 2017.”

The combined company is expected to offer customers a broader and more complementary range of services and solutions, and position the company to enable the advanced technology and growing bandwidth needs of its customers, including consumers, small businesses, large businesses, large multinational enterprises and government entities.

About CenturyLink
CenturyLink (NYSE: CTL) is a global communications and IT services company focused on connecting its customers to the power of the digital world. CenturyLink offers network and data systems management, big data analytics, managed security services, hosting, cloud, and IT consulting services. The company provides broadband, voice, video, advanced data and managed network services over a robust 265,000-route-mile U.S. fiber network and a 360,000-route-mile international transport network. Visit CenturyLink for more information.

Source: PR Newswire


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