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CenturyLink Reportedly in Talks to Acquire TW-Telecom

Phillip Dampier October 1, 2012 CenturyLink, Competition, Consumer News 1 Comment

Colorado-based TW Telecom is up for sale and CenturyLink is now seen as a potential buyer, according to reports in mergers and acquisitions trade publication DealReporter, citing unnamed sources.

TW Telecom, originally a commercial services unit within Time Warner Cable, went independent in the late 1990s, and today sells telecommunications services to medium and large-sized companies.

Talks have been underway for weeks, according to the online publication, but the acquisition would make sense for CenturyLink as it attempts to bolster its business services unit.

Level 3 Communications was also reportedly interested in acquiring the company, but TW Telecom balked at the price offered.

But DealReporter cannot be certain the deal is done. TW Telecom completed a $480 million bond offering last week, and raising debt right before a sale is highly unusual, the publication reports.

Neither CenturyLink or TW Telecom offered comment.

 

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