The stock swap worth $10.6 billion unites two major providers of traditional landline telephone service. and would create a telecommunications giant serving customers in 37 states. Louisiana-based CenturyTel is also assuming $11.8 billion of Qwest debt.
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Full story at http://www.npr.org/templates/story/story.php?storyId=126185436&ft=1&f=1006
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