CenturyTel to buy Qwest in $10.6B stock swap
Thursday, April 22, 2010 - 10:31
in Mathematics & Economics
(AP) -- CenturyTel Inc., the country's fifth-largest local-phone company, said Thursday that it will buy Qwest Communications International Inc., the third-largest, in a stock swap worth $10.6 billion to gain the benefits of scale in a shrinking business.