The Century Link acquisition of Level 3 is another Bold Action in the Communication Industry’s need to quickly grow and expand to meet the demands of digitization. Everything from the IoT, Smart Cars to Virtual Reality are relentlessly increasing the demand for connectivity. The Centurylink Level 3 Merger News includes a $34 Billion deal, which is another large communications industry consolidation following Time Warner and AT&T’s $108 billion recent deal announcement.
Level 3 is one of the largest providers used by internet services including Netflix Inc. and Google to route traffic across the web, operations that would bolster CenturyLink’s core offerings to businesses. The combined company will be better positioned to handle the growth of new applications and uses for bandwidth in business and everyday life.
With the demand for connectivity growing so quickly, bandwidth providers are rushing to solve the capacity issues. More actions are certain to follow.