1. CenturyLink-Level 3 deal now is waiting only for California OK

    CenturyLink-Level 3 deal now is waiting only for California OK

    CenturyLink Inc.'s purchase of Level 3 Communications Inc. moved one step closer to completion this week when New Jersey regulators approved the $34 billion deal.

    That means the Louisiana telecommunication company (NYSE: CTL) awaits only one more state's approval before its purchase of the Broomfield company (NYSE: LVLT) is complete — California.

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