Thursday, April 22, 2010

CenturyTel agreed to Qwest Communications International Agreements with stock exchanges amounted to 10.6 billion U.S. dollars

CenturyTel agreed to Qwest Communications International Agreements with stock exchanges amounted to 10.6 billion U.S. dollars, you can buy the company announced Thursday. Qwest CenturyTel also received U.S. $ 11.8 billion in debt, so the value of approximately U.S. $ 22.4 billion merger, one of the largest in the history of telecommunications.  After the success of 1990, Qwest said that the fate of such damages. Qwest and CentruryTel are the two largest phone companies in the country, with combined assets in over 40 countries network. The agreement comes as Qwest, in an effort Wireless has since struggled to become competitive as the other former Baby Bell companies AT & T and Verizon Communications. Although these companies are not in direct competition when it comes to customer service from traditional phone service, they will compete in the market for services companies.
Qwest, broadband and telephone service to subscribers in countries of low population density in the West, has been struggling for years with partners in a competing cable offerings. For other telephone companies to build wireless networks, concentrate the efforts of Qwest Wireless. And while AT & T and Verizon is to equip their networks with fiber and has started all television service, Qwest chose not to invest heavily in new infrastructure.
Different things a few years ago. Qwest has built a national fiber optic network fiber optic and big Wall Street darling in the 1990s, when the company's value increased more than 60 billion dollars. Then the bubble will burst telecommunications in the 1990s, and a lot of bad Take Qwest. The Company has been disrupted by the accounting scandals and the CEO was forced to resign.
In 2005, when he adopted the Prime Minister, the Company entered into a bidding war with Verizon for long-distance company MCI. Finally, Qwest withdrew from the competition and Verizon bought MCI.
After trading closed CenturyTel shareholders would have about 50 percent of new companies and Qwest shareholders about 49.5 percent from the company. This transaction has received regulatory approval and is expected to close in the first half of 2011.

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