The combined company's headquarters will be in Louisiana. But the combined company "will maintain a key operational presence in Denver, including a regional headquarters, the Qwest Business Markets Group, as well as other functions to be determined," officials said in April.
Qwest is one of Colorado's largest private employers, with about 7, workers in the state. Effective with the opening of the trading day on Sept.
CenturyLink has sold some of the assets that came with the Level 3 acquisition, but the company has a history of making smaller acquisitions. Some of the smaller purchases in recent years included the following: SEAL Consulting SAP solutions , netAura security services , ElasticBox multi-cloud application management services , Orchestrate database-as-a-service and DataGarden disaster recovery.
CenturyLink already has changed its name over time. In , the old CenturyTel acquired Embarq Corporation in a tax-free stock merger to create another one of the top U. Our people are dedicated to furthering human progress through technology. Lumen is all about enabling the amazing potential of our customers, by utilizing our technology platform, our people, and our relationships with customers and partners.
But transporting light signals can also be a commodity service. Smart cities, retail and industrial robotics, real-time virtual collaboration and automated factories are some of the applications that Lumen believes it can help customers achieve in what it and others call the 4th Industrial Revolution.
That is the future direction, where the company sees the greatest potential for growth and new revenues. Like many telecom companies at the time, it spent billions of dollars laying miles of fiber optic cable in anticipation of heavy Internet traffic. It was subsequently crushed when it became apparent that this demand was not materializing and was also hit by accounting scandals involving then CEO Joseph Nacchio.. Qwest started as a subsidiary of the Anschultz company.
It changed its name from Southern Pacific Telecom to Qwest in and became a publicly traded company in Now the merged company will have customers in 37 states and about 17 million access lines if the deal is approved.
N , which has more than 26 million phone customers. Several analysts said they expect regulators to approve the deal, which is expected to be completed next year.
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