CenturyTel, Embarq Officially Close $11.6B Merger

The CenturyTel Inc.-Embarq Corp. merger closed Wednesday morning, creating the nation’s largest rural LEC. CenturyTel said late last year it would buy its larger rival for approximately $11 billion. The official total came to $11.6 billion. For now, the two carriers will operate separate brands. They’ve already announced they’ll go by CenturyLink , but that […]

CenturyTel-Embarq Merger Given FCC Go-Ahead

The FCC on Thursday approved the $11 billion CenturyTel-Embarq merger – the name of the combined companies – to expanding DSL penetration from 87 percent to 90 percent within three years. Arguably, this would have happened regardless. Indeed, even Acting Chairman Michael Copps seemed disheartened by the seemingly light requirements and apparent rushed approvals. “This […]

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