Embarq

CenturyTel snaps up Embarq

US operator CenturyTel said Monday that it is to acquire ex-Sprint fixed line operation, Embarq, for around $5bn in stock. Upon closing of the transaction, which reflects an enterprise value of approximately $11.6b, including $5.8bn in debt, Embarq shareholders will own approximately 66 per cent of the company and CenturyTel shareholders are expected to own […]

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