October 30, 2017 / 5:26 PM / 2 years ago

U.S. FCC approves CenturyLink acquisition of Level 3 -source

WASHINGTON, Oct 30 (Reuters) - Telecommunications provider CenturyLink Inc won U.S. antitrust approval from the U.S. Federal Communications Commission for its purchase of Level 3 Communications Inc, a person briefed on the matter said on Monday.

CenturyLink said last year it would buy Level 3 in a deal valued at about $24 billion. It is seeking to expand its reach in the business communications market and compete with rivals such as AT&T Inc and Verizon Communications Inc.

The U.S. Justice Department approved the tie-up earlier this month with some conditions. It is not immediately clear what conditions the FCC imposed. (Reporting by David Shepardson; Editing by Lisa Von Ahn)

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