On the heels of the blockbuster Qwest-CenturyTel merger announced last month, the telecommunications industry may be poised for further consolidation.
The next wave could stretch beyond traditional phone companies to fiber-optic-network operators such as Broomfield’s Level 3 Communications, slated to become the largest Colorado-based telco with Qwest’s pending departure.
Glen F. Post III just bagged his biggest duck.
The experienced hunter and little-known chief executive of CenturyTel Inc., a rural phone company based in Monroe, La., agreed Thursday to acquire Denver-based telecom giant Qwest Communications International Inc. in a $10.6 billion all-stock transaction.
Kirk Siegler (2010-04-22)
DENVER, CO (KUNC) – Colorado political and business leaders worry the looming merger of Qwest Communications with Louisiana-based CenturyLink will be bad news for the state’s economy. Governor Bill Ritter, senators Mark Udall and Michael Bennet are expressing concerns about what the merger could mean for expanding broadband access to rural areas. And as KUNC’s Kirk Siegler reports, economists predict they’re could be a sizable trickle-down effect once the headquarters is moved. © Copyright 2010, KUNC