CenturyTel-Qwest Deal a Challenge To AT&T, Verizon (NewsFactor)

[Mgtrben news]

NewsFactor - In a move to compete with AT&T and Verizon Wireless, CenturyTel is acquiring Qwest in a $10.5 billion stock swap. The companies expect the transaction to generate synergies of about $625 million over the next three to five years.

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