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DOJ Approves CenturyLink Sale of Former Level 3 Metro Network Assets in Boise Area to Syringa Networks.

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M2 EQUITYBITES-March 15, 2018-DOJ Approves CenturyLink Sale of Former Level 3 Metro Network Assets in Boise Area to Syringa Networks

(C)2018 M2 COMMUNICATIONS http://www.m2.com

15 March 2018 - The US Department of Justice has approved Boise, US-based fiber-optic network provider Syringa Networks' acquisition of certain CenturyLink, Inc. (former Level 3) metro network assets in the Boise, Idaho, area, the company said.

This sale is subject to other governmental approvals, including the Federal Communications Commission, along with other customary closing conditions.

Last fall, CenturyLink closed the USD 34bn acquisition of Level 3.

Just prior, CenturyLink entered into an agreement with the Department of Justice to divest former Level 3 metro fibre network assets in the metro areas of Albuquerque, N.M.; Boise, Idaho; and Tucson, Ariz., in connection with CenturyLink's acquisition of Level 3 Communications, Inc.

The sale of the Level 3 Boise area network assets to Syringa Networks, once concluded, will fulfill part of that commitment.

CenturyLink will continue to serve all...

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