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from the more-fiber-to-help-your-comms-stay-'regular' dept.
CenturyLink is buying Level 3 Communications:
CenturyLink Inc. agreed to buy Level 3 Communications Inc. for about $34 billion in cash and stock, creating a more formidable competitor to AT&T Inc. in the market to handle heavy internet traffic for businesses. [...] The equity value of the deal, excluding debt, is about $24 billion. Both companies have struggled against larger competitors -- AT&T Inc. and Verizon Communications Inc. -- in the business services market. Investors sent CenturyLink shares down the most in 3 1/2 years on concern the company is overpaying and piling on debt to acquire a company whose sales growth has stagnated in a hotly competitive market.
The deal will give CenturyLink another 200,000 miles of fiber:
"This transaction 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," CenturyLink said. "Accounting for those served by both companies, CenturyLink's on-net buildings are expected to increase by nearly 75 percent to approximately 75,000, including 10,000 buildings in EMEA and Latin America." Currently, CenturyLink says it operates a "250,000-route-mile US fiber network and a 300,000-route-mile international transport network." Besides Internet access, CenturyLink offers cloud and managed hosting services for enterprises.
Also at The Wall Street Journal .
(Score: 2) by edIII on Tuesday November 01 2016, @05:39PM
Not just that, not just that. CenturyLink is run by people with the motto, "If you ain't gone full retard doing something, it ain't being done good".
These people are so incompetent it's almost a comedy hour when they come out to service you.... except there is nothing comical about a business being down. Every single order I ever had with CenturyLink was screwed up, late, and billed incorrectly. The last time they installed phone lines incorrectly and fucked up the porting between offices. It was so bad that the business owner told me he didn't care what the competition costs, just move him to it yesterday.
Level 3 communications is going to have pervasive quality control problems in 3...2....1
Technically, lunchtime is at any moment. It's just a wave function.
(Score: 2) by datapharmer on Wednesday November 02 2016, @01:23AM
Yep. I took over it for a company being double billed for dsl for years. Finally annoyed them enough they sent someone out and I asked them to physically show me the other dsl line. They tried and tried and I helped by giving them the address on the bill (which was the central office). They finally gave in and refunded it, but it took 2 tries and now I have recurring charges for the modem rental I can't get taken off the bill.