Some tax game going on too. From the article:
Level 3 will help trim CenturyLink’s tax bill by adding nearly $10
billion of accumulated net operating losses to its balance sheet.
Level 3 racked up massive losses for most of its history, as heavy
infrastructure costs outstripped its service revenues. The newly
profitable carrier has more recently used those past losses to
reduce its effective tax rate.
Interesting strategy to acquire a debt-laden company to get a massive
tax write-off.
bp
<part15sbs{at}gmail{dot}com>
On 10/31/2016 10:30 AM, Travis Johnson wrote:
I wonder how this will affect everything...
http://www.wsj.com/articles/centurylink-to-buy-level-3-communications-for-25-billion-1477911639
I know a lot of people use and love Level3, but absolutely hate
Centurylink.
Travis
