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Merger with CenturyLink. On April 22, 2010, CenturyLink announced it would acquire Qwest in a transaction of 0.1664 shares of CenturyLink common stock for each share of Qwest common stock. CenturyLink shareholders would hold a 50.5% share of ownership in the combined company, while Qwest shareholders would own the remaining 49.5%.
On April 1, 2011, CenturyLink completed its acquisition of Qwest. At that point, Qwest Corporation became a subsidiary of CenturyLink and began doing business as CenturyLink QC effective August 8, 2011. The merger represents a reunion of exchanges acquired by Pacific Telecom in the 1990s that had been separated from U S WEST Communications.
Lumen Technologies, Inc. (formerly CenturyLink and Qwest) is an American telecommunications company headquartered in Monroe, Louisiana, that offers communications, network services, security, cloud solutions, voice, and managed services. The company is a member of the Fortune 500 [3] and has been on the S&P 500 index since 1999.
Telecom carriers CenturyLink (CTL) and Qwest Communications (Q) have announced plans to get hitched, the latest merger in an ongoing consolidation trend among the smaller, regional phone companies.
CenturyLink (NYS: CTL) may have become the third-largest ILEC when it completed its purchase of the former Qwest Communications in April, but that move is marked by growing pains as it reported a ...
After the merger, the Bell Operating Company subsidiary was renamed from US West Communications, Inc. to Qwest Corporation and other subsidiaries were similarly renamed to reflect the Qwest name. [citation needed] After Qwest was acquired by CenturyLink in 2011, the Qwest brand was replaced
The company closed on its acquisition of Qwest Communications in April. 2011 was a transformative year for CenturyLink (NYS: CTL) , the third-largest telecommunications company in the United ...
US West was acquired by Qwest in June 2000 for $43.5 billion. On April 6, 2011, Qwest was acquired by CenturyLink (now Lumen Technologies), an independent telephone provider, bringing Qwest Corporation (originally Mountain Bell), Northwestern Bell, and Pacific Northwest Bell under its control.