COLO. APPROVES LEVEL 3’S PURCHASE BY CENTURYLINK
CenturyLink said Monday it is moving ahead with buying Broomfield’s Level 3 Communications after receiving regulatory approval from Colorado.
The two companies, which provide internet to much of the U.S. and beyond, are expected to become one by Sept. 30, following nearly a year of gaining regulatory approvals from states where they operate. So far, more than 20 states have approved the deal.
For Colorado, approval by the Public Utilities Commission came in June. But not before PUC staff expressed concern on how the merger would impact “competition for telecommunications services.” While CenturyLink provides telephone and internet services to consumers and businesses, Level 3 owns and manages much of the internet backbone that is leased to and connects different internet services and third parties to one another.
Tim Kunkleman, CenturyLink’s director of public policy, told the commission that the merger is to help the combined company better compete for enterprise and wholesale customers. He said there will be no impact on retail customers, primarily the consumers who subscribe to CenturyLink’s home telephone and internet services.
Colorado is among more than 20 states that have approved or cleared the merger.