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The addition of Qwest allowed CenturyLink to become the third largest telecommunications company in the United States, and the largest landline phone provider in the state of Colorado. [19] The new company has 17 million access lines, 5 million broadband customers, and 1.4 million video subscribers across 37 states. [ 30 ]
Qwest Corporation is a Regional Bell Operating Company owned by Lumen Technologies.It was originally named Mountain States Telephone and Telegraph Company, later becoming known as Mountain Bell, then US West Communications, Inc. from 1991 to 2000.
Embarq Corporation (stylized as EMBARQ) was the largest independent local exchange carrier in the United States (below the Baby Bells), [2] serving customers in 18 states and providing local, long-distance, high-speed data and wireless services to residential and business customers.
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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.
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