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by Angsuman Chakraborty.
Original Post: Summary Box: CenturyTel to buy Qwest, uniting shrinking phone companies
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Summary Box: CenturyTel to buy Qwest
MAKING A CONNECTION: CenturyTel Inc., the country's fifth-largest local-phone company, plans to buy No. 3, Qwest Communications International Inc. Qwest stockholders would get CenturyTel shares that were worth $10.6 billion when the deal was announced Thursday.
WHY NOW: The companies hope that combining their businesses lets them reduce overhead and improve .... Original source : Summary Box: CenturyTel to buy Qwest, uniting shrinking phone companies.