CenturyLink-Qwest Merger Moving Forward
This is from the "Telecom News" section of a website called "lowt1rates"
The pending $22.4 billion CenturyLink Inc.- Qwest Communications International Inc. merger is on its way to being a foregone conclusion. 9 States Down, 12 to Go. This week, the two companies said they've received approvals from nine states and the District of Columbia, as well as antitrust clearance from the Justice Department and Federal Trade Commission. So far, regulators in California, Georgia, Hawaii, Louisiana, Maryland, Mississippi, New York, Ohio and West Virginia all have given CenturyLink and Qwest their blessing, with no conditions.
"Obtaining these state approvals not only signifies that we have met the requirements in these states, it also demonstrates that the commissions recognize this transaction is very much in the public interest," Glen F. Post III, CenturyLink's president and CEO, said in a prepared statement.
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