Thursday, 20 September 2018

Friday Review: Consolidation calling

By Nick Wood and Mary Lennighan , Total Telecom
Friday 23 April 10

CenturyTel-Qwest merger set to create new nationwide U.S. fixed-line player during a week of heightened M&A activity.

As the dust quite literally settles following the havoc wrought by Iceland's Eyjafjallajökull volcano, so the proverbial dust looked to be settling once again on another turbulent week in telecoms, until news of CenturyTel's acquisition of Qwest erupted onto the wires. Louisiana-based CenturyTel announced on Thursday a deal to acquire Colorado's Qwest in an all-stock transaction that values the latter at roughly $22.4 billion. The deal will create a new nationwide fixed-line player with a 173,000-mile fibre network capable of delivering high-speed Internet, video, data hosting and managed services. For 2009 the combined entity would have had pro forma revenues of $19…

As the dust quite literally settles following the havoc wrought by Iceland's Eyjafjallajökull volcano, so the proverbial dust looked to be settling once again on another turbulent week in telecoms, until news of CenturyTel's acquisition of Qwest erupted onto the wires. Louisiana-based CenturyTel announced on Thursday a deal to acquire Colorado's Qwest in an all-stock transaction that values the latter at roughly $22.4 billion. The deal will create a new nationwide fixed-line player with a 173,000-mile fibre network capable of delivering high-speed Internet, video, data hosting and managed services. For 2009 the combined entity would have had pro forma revenues of $19…

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