Started in 2009, CenturyLink is a telecommunications company that describes themselves as “a leading provider of high-quality broadband, entertainment and voice services over its advanced communications networks to consumers and businesses in 33 states. CenturyLink, headquartered in Monroe, La., is an S&P 500 company and is included among the Fortune 500 list of America's largest corporations.” CenturyLink was created as the merger of CenturyTel and Embarq, and the new company is currently considering a merger with Qwest Communications, Inc.
CenturyLink has made a considerable impact in the industry, providing local, long distance, high-speed data and wireless services leading them to become the fourth largest local exchange carrier in the U.S. and the largest independent local provider. Due to this great success, CenturyLink now wants to acquire Qwest Communications, with the hope of expanding their services to include high-speed Internet, video entertainment, data hosting and managed services, according to an article from PR Newswire. Qwest is the nation’s third-largest phone company and the two would combine to reap the benefits of size in a continually declining business.
"As a national player with substantially increased scale and scope, the combined company will create an even more compelling choice for customers," said Edward A. Mueller, Qwest's chairman and chief executive officer. "Together, we will be a stronger competitor with greater financial flexibility and new opportunities to perfect the customer experience. We will continue to work closely with CenturyLink and the remaining regulatory agencies to bring the transaction to a timely close." The continued emergence of new companies, or mergers of old companies, in the telecommunications industry is vital to keeping the market innovative and competitive. These companies are so heavily compared side-to-side that they constantly have to be at the forefront of technological advances and maintain a reputation of reliability.
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