CenturyLink Plans to Acquire Savvis

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CenturyLink Plans to Acquire Savvis CenturyLink Plans to Acquire SavvisCenturyLink Plans to Acquire Savvis

 

28 April 2011

CenturyLink intends to acquire Savvis, managed service and colocation provider, for $2.5 billion. With this move the company demonstrates its plans to extend its presence.
Acquisition of Savvis comes shortly after CenturyLink has bought Qwest.
According to the agreement, CenturyLink will acquire all shares of Savvis that are priced at $40 per share and will assume about $0.7 billion in net debt.
With this acquisition CenturyLink intends to enhance company’s business capabilities: greater colocation and managed services capabilities.

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