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Lumen Technologies, Inc. (formerly CenturyLink, Inc.) is an American telecommunications company headquartered in Monroe, Louisiana, which offers communications, network services, security, cloud solutions, voice and managed services through its fiber optic and copper networks, as well as its data centers and cloud computing services.
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CenturyLink grew as Century Telephone and later CenturyTel through acquiring many small and mid-size telephone companies. These include: CenturyTel of Chester, Inc. (Iowa, Minnesota) CenturyTel of Colorado, Inc. – formerly Universal Telephone; CenturyTel of Eagle, Inc. – formerly owned by Pacific Telecom
CenturyLink shareholders would hold a 50.5% share of ownership in the combined company, while Qwest shareholders would own the remaining 49.5%. The valuation of CenturyLink's purchase as of April 21, 2010, was $22.4 billion, including the assumption of $11.8 billion of outstanding debt held by Qwest as of December 31, 2009.