Drew FitzGerlad

CenturyLink and Level 3 Communications' proposed merger cleared its last government hurdle nearly a year after the two telecommunications companies announced their combination. The Federal Communications Commission approved the deal after similar nods by state regulators and the Department of Justice earlier in 2017. Worth $25 billion when it was announced in 2016, the deal’s close was delayed for weeks as regulators took their time to review its competitive effects.