Uncertainty Around Level 3 Acquisition

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As reported in the Denver Post, CenturyLink Inc. announced that it is planning to buy Broomfield’s Level 3 Communications in a deal valued at $34 billion. According to the paper, the combined company will be headquartered in Monroe, Louisiana however, “few details were shared on what the acquisition means for local operations and thousands of Colorado employees”. CenturyLink’s senior corporate communications manager Frank Tutalo was quoted as saying that the company, “will maintain a significant presence in Colorado as well as the Denver metropolitan area.” It is estimated that Level 3 employs approximately 1,000 workers in Broomfield. Although approved by each company’s respective board, the deal is still subject to investor and regulator approval.

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