CenturyTel to Acquire Qwest

CenturyTel announced Thursday that it had reached an agreement, and would acquire Qwest Communications in a stock-swap of $10.6 billion.  The merged companies would provide service in 37 states.

In 2008, CenturyTel purchased Embarq a landline services company that had been spun off by Sprint Nextel.   CenturyTel will be looking for ways to enhance deployment of innovative communications products and services in the combined service areas according to the report.

Click here for the official press release.

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