MONROE, La - CenturyLink and Level 3 Communications, Inc. today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt. Under terms of the agreement, Level 3 shareholders will receive $26.50 per share in cash and a fixed exchange ratio of 1.4286 shares of CenturyLink stock for each Level 3 share they own, which implies a purchase price of $66.50 per Level 3 share (based on a CenturyLink $28.00 per share reference price) and a premium of approximately 42 percent based on Level 3's unaffected closing share price of $46.92 on October 26, 2016, the last trading day prior to market speculation about a potential transaction. Upon the closing of the transaction, CenturyLink shareholders will own approximately 51 percent and Level 3 shareholders will own approximately 49 percent of the combined company.
The combined company will have the ability to offer CenturyLink's larger enterprise customer base the benefits of Level 3's global footprint with a combined presence in more than 60 countries. In addition, the combined company will be positioned to further invest in the reach and speeds of its broadband infrastructure for small businesses and consumers.Read more
BROOMFIELD, Colo., - At an awards luncheon, Level 3 Communications, Inc. (NYSE: LVLT), recognized Intelisys, a technology services distributor and master agent, with its inaugural Channel Partner Program Summit Award. Intelisys received the honor for reaching a significant revenue milestone as an Elite member of Level 3’s Channel Partner Program.
“Intelisys has built a solid reputation with its sales partners by providing outstanding value-add services and carrier solutions to solve customer challenges,” said Garrett Gee, indirect channel chief, Level 3. “We are proud to recognize their accomplishment with our first-ever Summit Award and appreciate the long-term relationship with Level 3.”
In its ten year history working with Level 3, Intelisys has optimized the independent sales channel experience to raise the standards for how business telecommunications services and cloud services are bought and sold for the greater benefit of end-user customers.Read more