1. CenturyLink-Level 3 deal faces opposition in California

    CenturyLink-Level 3 deal faces opposition in California

    The CenturyLink Inc. acquisition of Level 3 Communications Inc. of Broomfield is being contested in California. CenturyLink of Louisiana is offering $34 billion to buy Level 3(Nasdaq: LVLT). But two California consumer advocacy groups want California regulators to further scrutinize the deal.

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