CenturyLink selling data centers to help pay for Level 3 buy

DENVER BUSINESS JOURNAL - CenturyLink Inc. said it's selling its data center business for $2.15 billion to help pay for its $34 billion purchase of Level 3 Communications Inc.

On Monday, CenturyLink said it would buy Broomfield-based Level 3 (Nasdaq: LVLT) in a cash-and-stock deal valued at $34 billion.

Friday, the Louisiana company (NYSE: CTL) said it would sell its 57 data centers and colocation businesses to BC Partners of Europe, in a deal that also included Medina Capital Advisors and Longview Asset Management.

"Though it will no longer own the data centers, CenturyLink will continue to offer colocation services as part of its product portfolio through its commercial relationships to be entered into at closing with the BC Partners/Medina-led consortium," CenturyLink said in a statement.

Read more at the Denver Business Journal: http://bit.ly/2fmp95R

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