Qwest Deal Is One of CenturyTel Chief’s Riskiest Moves

By SPENCER E. ANTE And JOANN S. LUBLIN

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.

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