Showing posts with label CenturyLink. Show all posts
Showing posts with label CenturyLink. Show all posts

Tuesday, December 5, 2017

CenturyLink Wins NORAD Contract

CenturyLink announced a contract to provide communications services to Peterson Air Force Base in Colorado Springs, Colorado. The contract includes support for the NORAD (North American Aerospace Defense Command) Tracks Santa program, including enabling the program’s phone hotline. The contract, which also includes Ethernet circuits and private line services, is valued at approximately $275,000 the first year, with four one-year options, for a total contract value of $1.5 million. 

“CenturyLink is honored to provide Peterson AFB with communications services that help NORAD track all flying objects that enter North American air space every day, including tracking Santa Claus on Christmas Eve,” said David Young, CenturyLink regional vice president, strategic government.

Tuesday, November 21, 2017

Advanced Networking at the new CenturyLink



Adam Saenger, VP of Networking Solutions at CenturyLink, talks about advanced services now that the company has completed its strategic merger with Level 3 Communications.

See video: https://youtu.be/lU4q-x9X_10


Wednesday, November 15, 2017

CenturyLink and Infinera deliver 2.8 Tbps to SC17

CenturyLink and Infinera partnered to deliver multi-terabit connectivity to this week's SC17, the International Conference for High Performance Computing, Networking, Storage and Analysis, at the Colorado Convention Center in Denver.

Specifically, CenturyLink and Infinera are providing 2.8 terabits per second of capacity between SC17 and research networks around the world, leveraging the CenturyLink core network. CenturyLink operates a robust, global 450,000 route mile fiber network and a 360,000 route mile international transport network. CenturyLink utilizes Infinera for delivery of optical networking.

“As the continuous growth of the digital economy expands what is possible, CenturyLink is a trusted partner in an increasingly complex digital world,” said Aamir Hussain, Executive Vice President and Chief Technology Officer at CenturyLink. “CenturyLink’s goal is to be the world’s best networking provider and we are well-positioned to address the complex network requirements of research and education institutions. Working with Infinera to deliver 2.8 terabits per second of capacity to SC17 demonstrates our commitment to serving these customers and providing them with the highly secure network connectivity they need.”

Monday, October 30, 2017

FCC approves CenturyLink + Level 3 merger

After a year-long review, the FCC voted to approve the CenturyLink + Level Communications merger. The FCC ruled that the public interest would not be harmed by the transfer of necessary licenses to secure the merger and that any potential harms to competition are mitigated by the conditions set forth in the DOJ consent decree.

  • On October 3rd, 2017, the U.S. Department of Justice cleared CenturyLink's pending acquisition of Level 3 Communications with certain conditions, including the divestiture of certain Level 3 metro network assets and certain dark fiber assets.

    Specifically, the combined company is required to divest Level 3 metro network assets in Albuquerque, N.M.; Boise, Idaho; and Tucson, Arizona. In addition, the combined company is required to divest 24 strands of dark fiber connecting 30 specified city-pairs across the country in the form of an Indefeasible Right of Use (IRU). CenturyLink said that because these fibers are not currently in commercial use, this divestiture will not affect any current customers or services.


CenturyLink to Acquire Level 3 for $34 Billion

CenturyLink agreed to acquire Level 3 Communications in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt.

The deal combines CenturyLink's larger enterprise customer base with Level 3's global network footprint. The companies said this scale will enable further investment in the reach and speeds of its broadband infrastructure for small businesses and consumers. After close, CenturyLink's Glen Post will continue to serve as Chief Executive Officer and President of the combined company.  Sunit Patel, Executive Vice President and Chief Financial Officer of Level 3, will serve as Chief Financial Officer of the combined company. The combined company will be headquartered in Monroe, Louisiana and will maintain a significant presence in Colorado and the Denver metropolitan area.

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. Upon the closing  CenturyLink shareholders will own approximately 51 percent and Level 3 shareholders will own approximately 49 percent of the combined company.

Tuesday, October 3, 2017

US DoJ approves Centurylink + Level 3 merger with conditions

The U.S. Department of Justice cleared CenturyLink's pending acquisition of Level 3 Communications with certain conditions, including the divestiture of certain Level 3 metro network assets and certain dark fiber assets.

Specifically, the combined company is required to divest Level 3 metro network assets in Albuquerque, N.M.; Boise, Idaho; and Tucson, Arizona. In addition, the combined company is required to divest 24 strands of dark fiber connecting 30 specified city-pairs across the country in the form of an Indefeasible Right of Use (IRU). CenturyLink said that because these fibers are not currently in commercial use, this divestiture will not affect any current customers or services.

The acquisition sill requires regulatory approval from the Federal Communications Commission and the California Public Utilities Commission.

CenturyLink to Acquire Level 3 for $34 Billion

CenturyLink agreed to acquire Level 3 Communications in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt.

The deal combines CenturyLink's larger enterprise customer base with Level 3's global network footprint. The companies said this scale will enable further investment in the reach and speeds of its broadband infrastructure for small businesses and consumers. After close, CenturyLink's Glen Post will continue to serve as Chief Executive Officer and President of the combined company.  Sunit Patel, Executive Vice President and Chief Financial Officer of Level 3, will serve as Chief Financial Officer of the combined company. The combined company will be headquartered in Monroe, Louisiana and will maintain a significant presence in Colorado and the Denver metropolitan area.

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. Upon the closing  CenturyLink shareholders will own approximately 51 percent and Level 3 shareholders will own approximately 49 percent of the combined company.

Tuesday, September 19, 2017

CenturyLink packages cloud-managed Business Wi-Fi from Cisco Meraki

CenturyLink is leveraging the Cisco Meraki cloud-managed Wi-Fi solution to offer a bundled service with businesses with up to 250 employees.

CenturyLink Business Wi-Fi provides a secure Wi-Fi with real-time monitoring and analytics for companies that would prefer not to manage their wireless network on their own.

CenturyLink said its Business Wi-Fi provides an enterprise-grade solution with fast deployment, simple administration and increased visibility into network users, all from a single provider. In addition to network transport, CenturyLink provides Cisco Meraki access points and software licenses (eight access points per location for up to five locations), access to Meraki's cloud-based dashboard and 24/7 operational support.

Wednesday, September 13, 2017

CenturyLink now expects to complete Level3 acquisition in October

CenturyLink now anticipates the Level 3 transaction to close in mid-to-late October 2017.

CenturyLink updated its closing timeframe based on a proposed decision filed by the California Administrative Law Judge, who last weel recognized that the combination of CenturyLink and Level 3 is in the public interest and is recommending the California Public Utilities Commission approve the transaction at its Oct. 12 meeting.

"Since we began the regulatory approval process, 24 states and territories have approved or cleared CenturyLink's acquisition of Level 3 and recognize this transaction is clearly in the public interest and will be good for competition in the enterprise market," said Glen F. Post III, CenturyLink chief executive officer and president. "We are working to obtain the remaining approvals, including the State of California, the Department of Justice, and the Federal Communications Commission, and want to give the regulators time to complete their review process."

http://ir.centurylink.com/file/Index?KeyFile=390251009

CenturyLink to Acquire Level 3 for $34 Billion


CenturyLink agreed to acquire Level 3 Communications in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt. The deal combines CenturyLink's larger enterprise customer base with Level 3's global network footprint. The companies said this scale will enable further investment in the reach and speeds of its broadband infrastructure for small businesses and consumers

Wednesday, July 26, 2017

CenturyLink introduces Managed Hybrid SD-WAN solutions

CenturyLink has announced the availability of CenturyLink Managed Hybrid SD-WAN solutions, offering complete WAN packages that leverage software-defined WAN (SD-WAN) technology to integrate traffic flows across both broadband Internet connections and private MPLS networks.

CenturyLink's new solutions employ application-aware routing to automatically identify the best end-to-end path based on application requirements and network  latency, and thereby provide optimal performance between users and applications regardless of where applications reside, whether on-premises or in the cloud.

CenturyLink Managed Hybrid SD-WAN solutions are designed to allow businesses to accelerate their transformation to next-generation networks by reducing the complexities associated with integration, operations and performance management when creating a hybrid WAN environment. As part of the offering, CenturyLink provides core infrastructure, design and implementation, security, transport and provider management, along with centralised monitoring and management.

The managed SD-WAN solution also features encryption, segmentation and security policy control via a central portal that secures traffic at all business locations, including branches. Additionally, CenturyLink's range of managed security services that include security log monitoring and incident management and response can also be integrated into the solution.

CenturyLink Managed Hybrid SD-WAN solutions are also available to CenturyLink Alliance program partners.

Regarding the new offering, Troy Trenchard, VP, product management at CenturyLink, said, "the Managed Hybrid SD-WAN solutions enable businesses to leverage their existing investments in MPLS while adding next-generation network capabilities… by using these new offerings, businesses can deliver high application performance and security across the WAN, especially for cloud-hosted apps".


* CenturyLink launched its SD-WAN service providing business customers with centralised control over a variety of private network access technologies in June last year. The managed SD-WAN service bundles site connectivity, equipment, software licensing, configuration, performance tuning and monitoring with a management and analytics portal, while offering the customer the option of managing their own policies or having CenturyLink manage their policies.

Monday, June 26, 2017

CenturyLink details new organisation

CenturyLink has announced further details of its organisational structure and new executive appointments who will report to Jeff Storey, recently named as president and chief operating officer (COO) of the company upon the completion of its pending acquisition of Level 3 Communications, which is expected to occur by the end of third quarter of 2017.

The new appointments are as follows:

1.         Strategic enterprise, federal government and state government - Edward Morche, who is to rejoin Level 3 on July 5, will serve as president, with responsibility for large accounts, federal and state government, and large educational institutions and research networks.

2.         Global accounts management (GAM) and international – Laurinda Pang will be president, with responsibility for top global accounts and international teams.

3.         Small and midsize business (SMB), local government and education – Vernon Irvin to serve as president.

4.         Wholesale and indirect – Lisa Miller as president.

5.         Consumer – Maxine Moreau to serve as president, responsible for the company's local market consumer business in 37 states.

Additionally, these business units and ongoing integration activities will be supported by the following functional groups:

1.         Technology, product development and security operations - Aamir Hussain as EVP, responsible for IT, testing and integration, architecture, infrastructure, security, as well as overall business enablement.

2.         Transformation and integration – Clay Bailey, SVP, will lead the integration of CenturyLink and Level 3.

3.         North America operations - Richard Batelaan as EVP, with responsibility for North America service delivery, service assurance, access management and field operations.


  • CenturyLink recently announced that on closing of the Level 3 transaction Jeff Storey, current president and CEO of Level 3, would become CenturyLink president and COO. Previously, CenturyLink named the senior leadership team following completion of the acquisition of Level 3.


Friday, June 16, 2017

CenturyLink launches Managed Enterprise with Cisco Meraki service

CenturyLink has announced the availability of CenturyLink Managed Enterprise with Cisco Meraki, a new service designed to enable customers to more efficiently deploy and monitor WiFi networks, security, wireless, phone, video surveillance and SD-WAN services using a single administrative dashboard.

Based on products from Cisco Meraki, the managed solution allows single- or multi-site customers to utilise CenturyLink for the provision of components including devices, licenses, connectivity, management and support.

The new solution is designed, configured, monitored and maintained by CenturyLink and offered with fixed, monthly per-device pricing. Customers can select from the available components when initially ordering the solution and subsequently add or remove components as needed.

The new managed Meraki solution is designed to be integrated with other CenturyLink offerings such as Managed Office, Fiber + and Location-Based Analytics, a fully managed customer engagement solution that provides businesses with insight into real-time data and helps them to create more personalised services leveraging analytics and marketing tools.
CenturyLink Managed Enterprise with Cisco Meraki is also available to CenturyLink Alliance program partners. The company plans to extend availability to international customers later in the year.


CenturyLink introduced its Location-Based Analytics mobile engagement, analytics and marketing solution for use by operators in locations where customers congregate in 2016. The solution leverages the CenturyLink Managed WiFi solution that features Cisco Meraki WiFi access points and security appliances and is designed to enable high speed connectivity and reliable coverage for equipment sensors and  mobile devices.

Monday, June 5, 2017

CenturyLink appoints Level 3's Jeff Storey as president

CenturyLink, which in October 2016 entered into an agreement to acquire Level 3 Communications for approximately $34 billion, has announced that upon closing of the CenturyLink-Level 3 transaction Jeff Storey, currently president and CEO of Level 3, will become CenturyLink president and chief operating officer.

The company noted that, as previously announced, after the closing of the transaction Glen F. Post III will continue as CEO of CenturyLink. It is expected that Mr. Storey will succeed Glen Post as CEO of CenturyLink effective January 1, 2019, at which time Mr. Post will then become executive chairman of the company's board.

In addition to the appointment of Jeff Storey as COO, Glen Post's direct reports after the closing of the Level 3 acquisition will be as follows: Stacey Goff, EVP, general counsel and chief administrative officer; Sunit Patel, EVP and CFO; and Scott Trezise, EVP, human resources.

CenturyLink also announced that Harvey P. Perry, formerly vice chairman of the board of CenturyLink, has been appointed board chairman, effective immediately, replacing William A. Owens, who retired from the board as of May 24th. In addition, W. Bruce Hanks, a member of the CenturyLink board, has been named vice chairman, also effective immediately. Mr. Storey is one of four Level 3 board members who will join the CenturyLink board at closing of the transaction.



  • In early May CenturyLink named the senior leadership team following the acquisition of Level 3, which includes: Clay Bailey as SVP, transformation; Aamir Hussain as EVP, CTO and network operations; Dean Douglas as EVP, North America enterprise; Maxine Moreau as EVP, consumer; Girish Varma as EVP, IT and managed services; Laurinda Pang as EVP, global accounts management and international; and Gary Gauba as SVP and chief relationship officer.
  • The two companies stated that they continue to expect the transaction to close by September 30th this year.

Tuesday, May 9, 2017

CenturyLink Completes Sale of 57 Data Centers

CenturyLink completed its previously announced sale of its data centers and colocation business on May 1 to funds advised by BC Partners, in a consortium including Medina Capital Advisors and Longview Asset Management. The deal was valued at $1.86 billion. Cyxtera assumes ownership of CenturyLink's portfolio of 57 data centers which includes approximately 195 megawatts of power across 2.6 million square feet of raised floor capacity. Approximately 700 CenturyLink employees will transition to Cyxtera.

"This sale allows CenturyLink to drive greater focus on our network infrastructure while still having the ability to sell colocation services in these data centers," said Glen F. Post III, chief executive officer and president of CenturyLink. "CenturyLink provides reliable and secure network solutions that are critical to the success of businesses which increasingly rely on digital connections to help ensure the growth and success of their operations. Additionally, our hosting and cloud services, combined with our robust IT services and solutions, offer customers an impressive suite of complementary services."

http://www.centurylink.com

Thursday, March 30, 2017

CenturyLink implements vBNG using CORD

CenturyLink announced that as part of a program to transform its central offices using next-generation virtual functionality designed to speed the delivery of broadband services to customers, it has become the first carrier to use its own virtualised broadband network gateway (vBNG) to support broadband services based on the Central Office Re-architected as a Datacenter (CORD) design.

The implementation marks a key step in CenturyLink's efforts to virtualise its infrastructure within the central office, which comprises part of the company's wider program to establish full virtualisation across its global IP core network by the end of 2019.

Through adopting CORD, CenturyLink is using software-defined networking (SDN) and network functions virtualisation (NFV) with the aim of bringing data centre economics and cloud agility to its central offices and to enable faster and more efficient delivery of new services to its residential and business customers. The deployment features CenturyLink's SDN access controller, an OpenDaylight-based controller stack that integrates its legacy OSS and latest orchestration platforms.

CenturyLink noted that in addition to virtualising its infrastructure, it is to developing and implementing virtualised services, including a virtual firewall, data centre interconnection and software-defined wide area networking (SD-WAN) for enterprise customers. Through these virtualisation initiatives, CenturyLink is seeking to enhance the customer experience by providing greater control of their services.

In June 2016, CenturyLink announced it had acquired certain assets of the company formerly known as Active Broadband Networks, a provider of software-based broadband networking solutions. The operator stated that the assets would help accelerate its efforts to automate its network, transition network functions into the cloud and deliver SDN and NFV services.

The company formerly known as Active Broadband Networks uses SDN and NFV technologies to provide broadband edge solutions to service providers designed to enable a cloud-based service infrastructure. The company specifically developed the Software-Defined Broadband Network Gateway (SD-BNG), designed to offer a cost-effective alternative for xDSL providers deploying G.fast. The SD-BNG solution was a software platform for deployment virtually or as part of a cloud infrastructure.

http://news.centurylink.com/news/centurylink-is-first-carrier-to-use-its-vbng-to-deliver-broadband-services-on-the-cord-platform

Thursday, January 19, 2017

CenturyLink Pushes into Big Data as a Service with Cloudera

CenturyLink launched Big Data as a Service (BDaaS) with Managed Cloudera, a new managed service offering that combines CenturyLink’s expertise in data and advanced analytics, network, cloud and application services with the highly secure Apache Hadoop-based data management and analytics platform from Cloudera.

CenturyLink said its BDaaS is enhanced by adding data and advanced analytics consulting services supported by a deep bench of Cloudera-certified data scientists and Cloudera Hadoop solution administrators, developers and architects. The solution, bolstered by CenturyLink’s global high-speed network connectivity, provides storage, processing, and management components deployed on CenturyLink Cloud Bare Metal servers. The bare metal private cloud environments have been certified by Cloudera.

“Forward-thinking organizations around the world are quickly becoming more agile and responsive to their customers’ needs across all channels,” said Gary Gauba, chief enterprise relationship officer and president, Advanced Solutions Group, CenturyLink. “These enterprises are seeing significant competitive advantages by better leveraging their data, and our new managed service helps them achieve their big data objectives.”

http://www.centurylink.com

Monday, January 9, 2017

CenturyLink Acquires SEAL Consulting for SAP Services

CenturyLink has acquired SEAL Consulting, Inc., a leading SAP solutions provider for enterprise-wide business and technology needs. Financial terms were not disclosed.

CenturyLink said the deal enhances its application transformation capabilities and expands CenturyLink's commitment to the SAP ecosystem and to providing integrated application/infrastructure solutions.

"We are excited to continue enhancing CenturyLink's IT Solutions and SAP capabilities through the addition of SEAL Consulting," said Girish Varma, president of global IT services and new market development at CenturyLink. "This acquisition significantly expands our existing integrated SAP solutions, leveraging our hosting and cloud infrastructures to add broader SAP implementation and application managed services capabilities to our portfolio. The acquisition also gives us deeper expertise in several additional industry verticals."

http://www.centurylinktechnology.com
http://www.sealconsult.com

Tuesday, November 15, 2016

CenturyLink Delivers 2.5 Tbps Super-channel Capacity at SC16 with Infinera

CenturyLink is delivering 2.5 terabits per second (Tbps) of super-channel transmission capacity to support SCinet at this week's International Conference for High Performance Computing, Networking, Storage and Analysis (SC16) in Salt Lake City, Utah.

The 2.5 Tbps of line-side capacity will connect the Salt Lake City Convention Center to CenturyLink’s global fiber optic network, utilizing the Infinera DTN-X Family. The multi-terabit deployment demonstrates CenturyLink’s rapid provisioning of 100 Gigabit Ethernet (GbE) services from the conference to CenturyLink’s point of presence in Salt Lake City and across its national backbone.

“Since 2014, CenturyLink has provided increasing amounts of super-channel transmission capacity to support real-time high-performance computing at this conference,” said Pieter Poll, Senior Vice President of Network Planning at CenturyLink. “Providing SCinet with 2.5 terabits of transmission capacity demonstrates the scalability and efficiency of CenturyLink’s network and complements the work we are doing with Infinera as we increase capacity on our core network to accommodate all customers. This includes providing the connectivity businesses need to operate efficiently as well as satisfying the communication and entertainment needs of families.”

http://www.infinera.com
http://www.centurylink.com

Sunday, November 13, 2016

MEF16: CenturyLink's Drew Flechsig



Drew Flechsig talks about service assurance and the customer experience at CenturyLink, including a proof-of-concept conducted at MEF16 in Baltimore with Accedian Networks for a performance monitoring overlay solution.

See video:  https://youtu.be/SWHfVlgj7H0


Sunday, November 6, 2016

CenturyLink to sell 57 Data Centers for $2.15 Billion

CenturyLink agreed to sell its data centers and colocation business to funds advised by BC Partners, in a consortium including Medina Capital Advisors and Longview Asset Management, for $2.15 billion in cash. The data center portfolio includes approximately 195 megawatts of power across 2.6 million square feet of raised floor capacity. CenturyLink to retain hosting and cloud assets supporting network-first and hybrid-IT strategy

CenturyLink said it plans to use the net proceeds from this sale to partly fund its acquisition of Level 3 Communications announced on October 31, 2016. CenturyLink also noted that it will continue to offer colocation services as part of its product portfolio through its commercial relationships to be entered into at closing with the BC Partners/Medina-led consortium.

"After conducting a thorough review process, we are pleased to have reached an agreement with BC Partners," said Glen F. Post III, chief executive officer and president of CenturyLink. "We believe this transaction will benefit customers, employees and investors. Both CenturyLink and BC Partners have a strong customer focus and are committed to ensuring a seamless transition of the customers and their colocation environments."

Justin Bateman, a managing partner at BC Partners, said, "We are excited to be acquiring CenturyLink's portfolio of data center assets. CenturyLink has built and maintained an impressive global footprint of colocation data centers that is unparalleled for a portfolio of assets of this size. Led by Manny Medina and his management team at Medina Capital, these data centers will become part of a new, global secure infrastructure platform that will meet the growing and changing needs of customers today and for the future. We thank Glen Post and the entire team at CenturyLink for their partnership, and we look forward to working together to offer all the data centers' existing customers, as well as new customers, unrivaled datacenter and colocation services."

http://www.centurylink.com
http://www.medinacapital.com

CenturyLink to Acquire Level 3 for $34 Billion


CenturyLink agreed to acquire Level 3 Communications in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt. The deal combines CenturyLink's larger enterprise customer base with Level 3's global network footprint. The companies said this scale will enable further investment in the reach and speeds of its broadband infrastructure for small businesses and consumers. After close, CenturyLink's Glen Post...


Monday, October 31, 2016

CenturyLink to Acquire Level 3 for $34 Billion

CenturyLink agreed to acquire Level 3 Communications in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt.

The deal combines CenturyLink's larger enterprise customer base with Level 3's global network footprint. The companies said this scale will enable further investment in the reach and speeds of its broadband infrastructure for small businesses and consumers. After close, CenturyLink's Glen Post will continue to serve as Chief Executive Officer and President of the combined company.  Sunit Patel, Executive Vice President and Chief Financial Officer of Level 3, will serve as Chief Financial Officer of the combined company. The combined company will be headquartered in Monroe, Louisiana and will maintain a significant presence in Colorado and the Denver metropolitan area.

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. Upon the closing  CenturyLink shareholders will own approximately 51 percent and Level 3 shareholders will own approximately 49 percent of the combined company.

"The digital economy relies on broadband connectivity, and together with Level 3 we will have one of the most robust fiber network and high-speed data services companies in the world," said Glen Post, CenturyLink Chief Executive Officer and President. "This transaction furthers our commitment to providing our customers with the network to improve their lives and strengthen their businesses. It is this focus on providing fiber connectivity that will continue to distinguish CenturyLink from our competitors. CenturyLink shareholders will benefit from the significant synergies and financial flexibility provided by the combined company's revenue growth and strong cash flow. For employees, this combination will bring together two highly customer-focused organizations and provide employees growth and advancement opportunities the companies could not offer separately."

"This is a compelling transaction for our customers, shareholders and employees," said Jeff Storey, President and Chief Executive Officer of Level 3. "In addition to the substantial value delivered to shareholders, the combined company will be uniquely positioned to meet the evolving and global needs of enterprise customers."

Some highlights:
  • Fiber Network - the Level 3 infrastructure increases CenturyLink's network by 200,000 route miles of fiber, which includes 64,000 route miles in 350 metropolitan areas and 33,000 subsea route miles connecting multiple continents. 
  • On-net buildings - are expected to increase by nearly 75 percent to approximately 75,000, including 10,000 buildings in EMEA and Latin America. 
  • Cost Efficiencies - complementary domestic and international networks will provide cost efficiencies by focusing capital investment on increasing capacity and extending the reach of the combined company's high-bandwidth fiber network.
  • Scale - the deal  creates a world-class enterprise player with approximately $19 billion in pro forma business revenue and $13 billion in business strategic revenue, for the trailing twelve months ended June 30, 2016. Together, CenturyLink's and Level 3's revenue will be 76 percent derived from business customers, and 65 percent of the combined company's core revenue will be from strategic services. 
  • Enhanced Broadband Infrastructure - This transaction will provide the combined company with increased opportunity to invest in its broadband infrastructure and enhance broadband speed for small businesses and consumers.
  • Financial Profile - the combined company is expected to have improved adjusted EBITDA margins, revenue growth and pro forma net leverage of less than 3.7x at close, including run-rate synergies. The combined company will benefit from Level 3's nearly $10 billion of net operating losses ("NOLs"). These NOLs will substantially reduce the combined company's net cash tax expense over the next several years, positioning it to generate substantial free cash flow.
  • Additional debt - CenturyLink intends to finance the cash portion of the transaction and pay related fees and expenses through a combination of cash on hand at CenturyLink and Level 3, and approximately $7 billion of additional indebtedness. In connection therewith, CenturyLink has received financing commitments from BofA Merrill Lynch and Morgan Stanley & Co. LLC totaling approximately $10.2 billion for new secured debt facilities.

http://ir.centurylink.com/CorporateProfile.aspx?iid=4057179
http://www.level3.com
  • Over the past few years, CenturyLink has acquired Qwest Communications, Savvis and Embarq (formerly Sprint's Local Telecommunications Division).
  • The deal to acquire Qwest was valued at $22 billion when it was first announced in 2010. At the time, CenturyLink and Qwest served local markets in 37 states with approximately 5 million broadband customers, 17 million access lines, 1,415,000 video subscribers and 850,000 wireless consumers.  
  • In 2014, Level 3 acquired tw telecom in a $5.7 billion deal that combined its global fiber network and international data centers with tw telecom's extensive metro footprint in major U.S. Time Warner Communications was founded in 1993 as a joint venture between US West and Time Warner Communications. The company completed an IPO in 1999. It acquired Xspedius in 2006. 
  • Level 3's prior acquisitions include WilTel (2005), Progress Telecom (2006), ICG(2006), Telcove (2006), Looking Glass Networks (2006), Broadwing (2007), SAVVIS' content delivery network (2007), Servecast (2007), and Global Crossing (2011).

Thursday, October 27, 2016

WSJ: CenturyLink and Level3 in Merger Talks

The Wall Street Journal reported that CenturyLink and Level 3 Communications are in advanced talks to merge.  Neither company confirmed the report.

Both companies operate very significant fiber backbone networks.

Over the past few years, CenturyLink has acquired Qwest Communications, Savvis and Embarq (formerly Sprint's Local Telecommunications Division).

In 2014, Level 3 acquired TW Telecom. In 2011, it acquired Global Crossing.

http://www.wsj.com/articles/centurylink-in-advanced-talks-to-merge-with-level-3-communications-1477589011

See also