CenturyLink And Qwest
CenturyLink's monster merger with Qwest Communications was announced more than a year ago, and it took nearly that long to garner approval from all the sources that needed to bless it, from the FCC to various state governments and industry boards. But the $12.2 billion merger finally finished on April 1, with CenturyLink and Qwest combining operations; Qwest now operates as a wholly-owned subsidiary of CenturyLink, whose shareholders control 50.5 percent of the combined company to Qwest shareholders' 49.5 percent. Now, for partners, the real work begins: the delicate process of combining two sizable channel programs. Expect that to be a hot discussion topic as the integration takes place over the coming months.