Embarq CenturyTel Merger
Posted by Edward G. Lanza on 18 Dec 2008 | Tagged as: Telecommunications, M&A
AP via Forbes:
The Virginia State Corporation Commission will consider the merger of two telecommunications companies with local operations in Virginia.
Under the proposal, Embarq will become a wholly owned subsidiary of CenturyTel as part of a merger plan announced in late October…
Under Virginia law, state regulators must be satisfied that the merger would not impair or jeopardize adequate service and reasonable rates.