CenturyLink, Level 3 holding merger talks 

CenturyLink, Level 3 holding merger talks

Reports claim deal could be announced in coming weeks.
U.S. telco CenturyLink is in talks to merge with Level 3, it emerged this week, as the companies seek to further scale up their enterprise offerings.

Sources cited in a Wall Street Journal report on Thursday said a deal could be announced in the coming weeks. According to a separate report by Reuters, the merged entity would be worth more than $50 billion (€45.79 billion) including debt.

Level 3 was traditionally a network provider but has made aggressive moves into the enterprise services market, adding scale along the way through major acquisitions, including 2014's $5.7 billion purchase of TW Telecom, and the $1.9 billion acquisition of Global Crossing in 2011.
>CenturyLink meanwhile has been steadily growing the share of revenue it generates from the enterprise sector.

In the second quarter, CenturyLink's business segment generated nearly two-thirds of its total operating revenue. Two years earlier, the split between consumer and business was 50:50.

Like Level 3, CenturyLink has an acquisitive history: in 2008, it agreed to acquire Embarq; in April 2010 it agreed to acquire Qwest; and almost exactly one year later, CenturyLink agreed to acquire Savvis.

CenturyLink has made a number of smaller acquisitions since then, including platform-as-a-service (PaaS) provider AppFog and Infrastructure-as-a-Service (IaaS) firm Tier 3 in 2013, and analytics specialist Cognilytics in 2014.
Source: Total Telecom