CenturyLink-Level 3 Merger Gets First State Approvals

Ohio, Utah and Nevada are the first states to sign off on the merger of broadband providers CenturyLink and Level 3 Communications, according to CenturyLink. The merger is valued at $34 billion including debt. The merger was announced Oct 31, and applications were filed with the FCC and for antitrust review by the Department of Justice in December.