Approval by federal regulators for Qwest purchase by CenturyTel

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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CenturyTel Inc. buying Qwest
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News Stories

  • 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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  • CenturyTel to buy Qwest in $10.6B stock swap

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  • Questions and answers on Qwest-CenturyTel deal
    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
    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
    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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