The states of New York, Pennsylvania, Colorado and Alaska are the latest to approve the proposed merger of CenturyLink and Level 3, according to CenturyLink.
The total of states approving the deal has topped 20 as the FCC continues its review. The merger—which would boost CenturyLink’s enterprise and wholesale broadband business data services—was announcedOct. 31and applications filed with the FCC and for antitrust review by the Department of Justice in December.
The merger is valued at $34 billion including debt.
Back in April—as the FCC prepared to vote on deregulating the businesses data services (BDS) market—the Wireline Competition Bureau 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 merger, it will be one of the first big media mergers to be vetted primarily under the Trump administration. Trump has talked about reducing regs but also about blocking consolidation among media outlets.
CenturyLink said it still expects to secure all federal (FCC and Justice) and state approvals to allow the deal to close by the end of the third quarter (Sept. 30).
The television industry's top news stories, analysis and blogs of the day.
Thank you for signing up to Broadcasting & Cable. You will receive a verification email shortly.
There was a problem. Please refresh the page and try again.