Comcast Performed Due Diligence on Level 3 Prior to CenturyLink Announcement

Comcast performed due diligence on Level 3 prior to last week’s announcement that CenturyLink would acquire the Colorado-based fiber telecom for $25 billion, said a source familiar with the matter and sector banker.

Comcast did “real work” exploring a purchase of Level 3 for more than a month, said the source, lasting at least until the week

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Sarah Cohen

Sarah Cohen

Sarah Cohen joined CTFN in August of 2015. Sarah is a New Jersey-based telecom and technology M&A reporter whose work has appeared in Forbes, TheStreet,, and many other publications including Mergermarket, where she worked for 10 years. Sarah has covered Yahoo, the data center space, new and incumbent telecoms, FCC matters, and CFIUS for CTFN. She has an MA in communications from Bowling Green State University and BA in English from the University of New Hampshire.


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