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