Level 3 Communications (LVLT) Misses Q3 EPS by 3c
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Level 3 Reports Third Quarter 2016 Results
October 31, 2016 6:35 AM EDTBROOMFIELD, Colo., Oct. 31, 2016 /PRNewswire/ --Â Level 3 Communications, Inc. (NYSE: LVLT) today reported results for the third quarter 2016.
"We continued to expand margins and generated solid Free Cash Flow; however, we saw softer revenue growth in the quarter," said Jeff Storey, president and CEO of Level 3. "We are focused on delivering the best customer experience and improving our execution in the near term."
Total revenue was $2.033 billion for the third quarter 2016, compared to $2.062 billion and $2.037 billion, on a reported and modified basis, for the third quarter 2015, respectively. The third quarter 2015 modified... More
CENTURYLINK TO ACQUIRE LEVEL 3 COMMUNICATIONS
October 31, 2016 6:30 AM EDTMONROE, La. and BROOMFIELD, Colo., Oct, 31, 2016 /PRNewswire/ -- CenturyLink (NYSE: CTL) and Level 3 Communications, Inc. (NYSE: LVLT) today announced that their Boards of Directors have unanimously approved a definitive merger agreement under which CenturyLink will acquire Level 3 in a cash and stock transaction valued at approximately $34 billion, including the assumption of debt. Under terms of the agreement, Level 3 shareholders will receive $26.50 per share in cash and a fixed exchange ratio of 1.4286 shares of CenturyLink stock for each Level 3 share they own, which implies a... More
