Merger Announcement

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A message from Glen F. Post III

"The combination of our two companies allows us to offer customers of all sizes an even more robust portfolio of communications solutions that will continue to be backed by honest and personal service."
Glen F. Post III
Chief Executive Officer and President, CenturyLink

 



Highlights of the Transaction

  • CenturyLink is the third largest telecommunications company in the United States. The company provides broadband, voice and wireless services to consumers and businesses across the country. It also offers advanced entertainment services under the CenturyLinkTM PrismTM TV and DIRECTV brands. In addition, the company provides data, voice and managed services to business, government and wholesale customers in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers.
  • CenturyLink’s customers range from Fortune 500 companies in some of the country’s largest cities to families living in rural America.
  • The combination of CenturyLink and Qwest creates a high capacity 190,000 route-mile fiber network that spans the United States from coast to coast, nearly doubling network access points.
  • With a network backbone that will soon be capable of up to 100 Gbps, the network enables businesses to run high-bandwidth applications without decreases in security, quality or performance. 
  • Customers benefit from CenturyLink’s local operating model, which places decisions about the network, products and offers, and customer service as close to the customer as possible.
  • CenturyLink has a dedicated employee base with a customer-focused culture, committed to providing quality service and being the broadband provider of choice to all customer segments.
  • CenturyLink has a proven track record of successfully integrating companies and providing high-quality, value-added services to customers. Customers, shareholders and employees benefit from a larger and stronger company that has the scale and ability to quickly roll out innovative products and services such as CenturyLink Prism (IPTV) and advanced business services.
  • The combination, which would have had pro forma 2010 revenues of $18.6 billion, is expected to be immediately accretive to free cash flow per share (excluding integration costs) and strengthens the stability of CenturyLink’s dividend.
  • Our company culture is based on a common set of values we call Unifying Principles. These are: Fairness, Honesty and Integrity, Commitment to Excellence, Positive Attitude, Respect, Faith and Perseverance.

 

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