The combined entity is likely to generate $975 million of annual cash synergies. The deal is anticipated to close in the third quarter of 2017, subject to customary regulatory approvals. Prism TV Centurylink's Prism TV services are doing considerably well and should be able to bring in substantial revenues. The company is committed toward expanding its Prism TV services by foraying into additional households and markets. CenturyLink also revealed plans to test the over the top (OTT) video content service in four new markets. The announcement follows CenturyLink's increasing momentum in the Prism IPTV service platform.