The US telecoms regulator has given its approval to Centurylink’s acquisition of data centre provider Savvis through a US$2.5bn cash and stock merger.
In a statement, the two companies said that the FCC has given the green light, following earlier…
The US telecoms regulator has given its approval to Centurylink’s acquisition of data centre provider Savvis through a US$2.5bn cash and stock merger.
In a statement, the two companies said that the FCC has given the green light, following earlier approvals from the Department of Justice and Federal Trade Commission.
The two companies now anticipate that that the deal will be closed on 15 July and that they will start to combine operations later this year.
CenturyLink is being advised by Barclays Capital and BoA Merrill Lynch. Its legal advisers are Wachtell, Lipton, Rosen & Katz and Jones, Walker, Waechter, Poitevent, Carrere and Denegre.
Savvis is being advised by Morgan Stanley. Its legal adviser is Wilson Sonsini Goodrich &Rosati.
