Approval by federal regulators for Qwest purchase by CenturyTel
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Approval by federal regulators for Qwest purchase by CenturyTel

Monroe : LA : USA | Apr 22, 2010 at 9:02 AM PDT
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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.

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  • Regulators likely to okay Qwest, CenturyTel deal

      AP Online
    Analysts say CenturyTel Inc.'s proposed purchase of Qwest Communications International Inc. CenturyTel on Thursday announced plans to buy Qwest in a stock swap valued at $10.6 billion. The deal must be reviewed by the Federal Communications...
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    Qwest shareholders will receive 0.1664 CenturyTel shares for each share of Qwest common stock they own. Based on CenturyTel's closing price on Wednesday, the Qwest shares holders would receive an equivalent of $6.02 of CenturyTel stock, which...
  • UPDATE 1-CenturyTel to buy Qwest in all-stock deal

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    Rural phone company CenturyTel Inc said on Thursday it will buy Qwest Communications International Inc for about $10.6 billion in stock. The deal combines two of the largest landline telephone companies in the United States. Qwest shareholders will...
  • CenturyTel to buy Qwest in $10.6B stock swap

      Associated Press
    CenturyTel Inc. said Thursday that it will buy Qwest Communications International Inc...The deal unites the third and fifth-largest telephone companies in the U.S. by number of traditional phone lines. Together, they'll have about 18 million phone...
  • CenturyTel to buy Qwest in $10.6 billion stock swap

      Denver Post
    Denver-based Qwest Communications, the third-largest local phone service provider in the country, is getting acquired by CenturyTel, a smaller rural operator, in a $10.6 billion stock swap announced today. The deal ends months of speculation about...
  • CenturyTel to buy Qwest in $10.6B stock swap

      AP Online
    CenturyTel is buying Qwest Communications in a stock swap worth $10.6 billion, creating a telecommunications giant serving customers in 37 states. CenturyTel is offering Qwest stock worth about $6.02 per share, a premium of about 15...

Blogs

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  • Questions and answers on Qwest-CenturyTel deal

      yogaincorporated.com
    A: It must be approved by shareholders of both companies and by state and federal regulators. the boards of both companies already have given their OK. Q: What will Qwest shareholders get out of this? ...
  • Headlines: Recent Headlines

      www.headlines.bz
    The stock swap worth $10.6 billion unites two major providers of traditional landline telephone service. and would create a telecommunications giant serving customers in 37 states. Louisiana-based CenturyTel is also assuming $11.8 billion of Qwest
  • Why CenutryTel Finally Pulled the Trigger on Qwest | Finance Blog

      www.neurosoftware.ro
    Why is Qwest doing the deal? Bigger is better. Nearly three decades after regulators broke up AT&T into the regional Baby Bells, the industry has become more consolidated. Qwest, one of the last regional holdouts of the Baby Bell era, has never been

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