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CenturyLink-Level 3 Merger Gets More State Approvals

Deal still expected to close in September 5/30/2017 9:27 AM Eastern

The proposed merger of CenturyLink and Level 3 has gotten state regulator approvals from Minnesota and Virginia, joining a dozen or so states and territories that have signed off on the combo, CenturyLink said.

The FCC and Justice have yet to weigh in. It asked

The merger, which would boost CenturyLink’s enterprise and wholesale broadband business data services, was announced Oct. 31 and applications were filed with the FCC and for antitrust review by the Department of Justice in December.

The merger is valued at $34 billion including debt.

Related: CenturyLink-Level Three Gets First State Approvals

CenturyLink signaled it still expects to get the necessary regulatory approvals to be able to close the deal by the end of September.

Back in April, as the FCC prepared to vote on deregulating the businesses data services (BDS) market, the Wireline Competition Bureau has asked for more information from ILEC CenturyLink and merger partner Level 3 on how their merger would affect competition for business services.

Along with the AT&T-Time Warner Inc. merger, it will be one of the first big media mergers to be vetted primarily under the Trump administration. Trump has talked about reducing regulations, but also about blocking consolidation among media outlets.

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