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Level 3 Communications was an American multinational telecommunications and Internet service provider company headquartered in Broomfield, Colorado. It ultimately became a part of CenturyLink through a complex reverse-merger process where Jeff Storey sold the company and also became CEO of CenturyLink.
Level 3 operated a Tier 1 network. The company provides core transport, IP, voice, video, and content delivery for medium-to-large Internet carriers in North America, Latin America, Europe, and selected cities in Asia. Level 3 was also the largest competitive local exchange carrier (CLEC) and the 3rd largest provider of fiber-optic internet access (based on coverage) in the United States.
On October 31, 2016, CenturyLink announced an agreement to acquire Level 3 Communications in a cash and stock transaction. Level 3 became part of CenturyLink on November 1, 2017.

Source: Wikipedia