CenturyTel Inc. is the eighth largest local exchange carrier and a US telecommunications firm. CenturyTel is likely to purchase Qwest Communications Intl. Inc. CenturyTel is waiting for the approval of this purchase by the federal regulators. CenturyTel provides services as a local exchange carrier and also an internet service provider in rural markets in 26 states.
CenturyTel, on April 22, 2010 plans to buy Qwest for $10.6 billion. The Federal Communications Commission will review the deal and they will consider some of the conditions regarding the deal.
Besides Federal Communications Commission, the state telecommunications regulator will also examine the transaction. Federal regulators will not try to block the gain that CenturyTel will get through this deal. CenturyTel has claimed that they would provide the high-speed internet services and meet other standards after buying Qwest.