U.S. regulators have approved the merger between Level 3 Communications and Global Crossing, the companies announced Thursday.
Level 3 and Global Crossing said the U.S. Department of Justice and Federal Communications Commission have approved the deal.
Broomfield, Colo.-based Level 3 expects to close on the acquisition as early as next week.
The $3 billion merger will create a global communications company with ownership over networks in more than 50 countries and connections to more than 70 nations, and Level 3 has said the acquisition would allow it to better serve enterprises, content providers, carriers and governments throughout North America, Latin America and Europe.
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May 18 2018 @ 20:40:07 UTC