FCC approves CenturyLink's acquisition of Level 3 Communications

Source: MGN Online

MONROE, La (KNOE) - The Federal Communications Commission has approved CenturyLink, Inc.'s pending acquisition of Level 3 Communications, Inc Monday. This transaction follows prior approvals from the U.S. Department of Justice and the California Public Utilities Commission.

CenturyLink has now obtained the last regulatory clearance required to close the acquisition, pending other customary closing conditions.

Senior Vice President for Public Policy and Government Relations John F. Jones said the this is a step forward for the company.

"The FCC's approval of CenturyLink's acquisition of Level 3 is great news and means we now have all the regulatory approvals we need to close the transaction," Jones said.

The company will be able to offer a 'broader and more complementary range of services and solutions and enable the advanced technology and growing bandwidth needs of its business, government and consumer customers.'

The company expects to close the deal by Nov 1.