CenturyLink buys Level 3 Communications – and then sells its data centres
Picture credit: CenturyLink
Updated Nov 8 Louisiana-based CenturyLink has been particularly busy over the past week. The telco has announced, within days of each other, the acquisition of Level 3 Communications, while also agreeing to sell 57 of its data centres to a consortium led by BC Partners and Medina Capital.
The two moves are linked; CenturyLink says the funding from getting rid of its data centres – priced at $2.15 billion – will be used as part of the Level 3 deal, rated at an eye-watering $34...