U.S. FCC approves CenturyLink's $24 billion Level 3 acquisition
With the $24 billion deal, CenturyLink said it is seeking to expand its reach in the business communications market and compete with AT&T Inc and Verizon Communications.
CenturyLink said it had received all needed approvals and planned to close the deal on Wednesday.
The U.S. Justice Department approved the tie-up this month with some conditions, including some divestitures. ■