High On Fiber: 10 Notable Telecom Deals This Year


Qwest's CenturyLink Blockbuster

Easily the most eye-popping event of telecom service provider M&A activity this year, Qwest Communications in April said it had entered into an agreement to be acquired by CenturyLink for $10.6 billion. Expected to be completed in the first half of 2011, the deal, an all-stock transaction, would create a combined company with 173,000 miles of fiber network in the U.S. Under the terms, CenturyLink will hold 50.5 percent of the company, with the rest held by Qwest's shareholders.