Following the recent merger of AT&T and Time Warner at a stunning $85 billion price, Centurylink, a high-speed fiber optic cable company is paying $25 billion for Level 3 Communications. Qualcomm, which makes semiconductors for smartphones, also proposed a $38 billion acquisition for NXP Semiconductors. After the merger, Centurylink is now among the biggest service providers in the United States, selling mostly to business clients. Whether the industry if bracing for a bigger networking future remains to be seen after series of mega-mergers.