BROOMFIELD — Level 3 Communications Inc. (NYSE: LVLT) and CenturyLink Inc. (NYSE: CTL) got four more state approvals need to OK their merger, including a nod from Level 3’s home state.
Colorado, Alaska, New York and Pennsylvania all approved the acquisition of Level 3 by CenturyLink, bringing the total to more than 20 states that have given approval or clearance for the deal. Delaware, Georgia, Hawaii, Maryland, Minnesota, Ohio, Utah, Virginia, West Virginia and the District of Columbia have all given approval. Connecticut, Indiana, Louisiana, Montana, Nevada, Texas and Puerto Rico have given clearance for the deal.
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The merger, which was announced in October, is valued at more than $34 billion. The goal is to allow the combined company to offer enterprise and wholesale customers a broader range of services.
The two companies expect to get all of the approvals — state, federal and international — that are needed by Sept. 30.