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The deal, which was first announced in April 2010, was valued at approximately , including the assumption of about $11.8 billion in Qwest debt. Merger Details
Following the merger, the Qwest brand was eventually retired and replaced by CenturyLink. The Move to Lumen Technologies CenturyLink and Qwest Complete Merger - PR Newswire did centurylink buy qwest
It was a tax-free, stock-for-stock exchange. Qwest shareholders received 0.1664 shares of CenturyLink stock for every share of Qwest they owned. The deal, which was first announced in April
The combination made CenturyLink the third-largest landline telecommunications provider in the United States, trailing only AT&T and Verizon. was valued at approximately
.
The merger combined networks to serve customers in 37 states via a 190,000 route-mile fiber network.