... and Embarq has agreed to merge where CenturyTel the people who provide local phone and internet services agreed to buy Embarq who are the spinoff from Sprint Nextel for around about $5.76 billion in stock, excluding debt This new deal …
NEW YORK — CenturyTel Inc. on Monday said it would buy Embarq Corp., a larger fellow phone company, for stock initially valued at $5.8 billion. Analysts said the move was a harbinger of additional deals for rural phone companies, …
CenturyTel Inc.'s $6.2 billion stock purchase of larger telephone service provider Embarq Corp. won approval from the Federal Communications Commission, officials said. The deal, which would create a company called CenturyLink with …
CenturyTel's stock-swap deal for Qwest would shore up the combined company by helping it reduce expenses and improve its ability to compete with cable. But it would still be in the grip of a dismal trend: The number of landlines in …
WASHINGTON – CenturyTel Inc. on Thursday said it will buy Qwest Communications International Inc. for $10.6 billion in stock, making it the third-largest provider of traditional local-phone service in the United States. The proposed merger is …
In one of the ironies of the financial crisis, telecommunications companies CenturyTel and Embarq had to do an all-stock deal in order to insulate themselves from the volatile stock market. Associated Press It is just one curious aspect of a …
CenturyTel will spend $10.3 billion buying Qwest stock and will assume $11.8 billion in debt. The deal comes two years after CenturyTel’s predecessor company purchased Embarq Telecommunications for $11.6 billion to become …
Taking advantage of current bargain-basement stock prices, rural phone company CenturyTel today purchased another company in the same category , Sprint spin-off Embarq, for $5.8 billion. With more consumers now using wireless and …
CenturyTel, a provider of local phone and Internet services, agreed on Monday to buy Embarq, its larger rival and a spinoff from Sprint Nextel, for about $5.76 billion in stock, in one of the first significant nonfinancial mergers since the onset of …