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CenturyTel management touted the deal as a combination of two great companies, both of which have strong cash flow.
FORBES: Tough Times On The Way To The Altar For CenturyTel and Qwest
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The deal would be a tax-free, stock swap in which each share of Qwest would be exchanged for 0.1664 CenturyTel shares.
FORBES: Tough Times On The Way To The Altar For CenturyTel and Qwest
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The question investors have to ask themselves is, will CenturyTel be able to generate enough cash flow to service its ballooning debt load?
FORBES: Tough Times On The Way To The Altar For CenturyTel and Qwest
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CenturyTel was downgraded to Market Perform from Outperform by analysts at Oppenheimer following the announcement, yet overall the analyst community remains bullish on the stock.
FORBES: Tough Times On The Way To The Altar For CenturyTel and Qwest
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Last Thursday, CenturyTel and Qwest announced plans for a merger that would make one of the largest operators of landlines in the country.
FORBES: Tough Times On The Way To The Altar For CenturyTel and Qwest
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However, Wall Street has begun to raise concerns that CenturyTel is growing too aggressively, as it just recently completed another large acquisition of Embarq less than a year ago.
FORBES: Tough Times On The Way To The Altar For CenturyTel and Qwest
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CenturyTel is clearly looking at it from a different angle and would like to dominate the rural landline business and also run other, more expensive services (broadband Internet, television, bundles) through that infrastructure.
FORBES: Tough Times On The Way To The Altar For CenturyTel and Qwest
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CenturyTel is well known for growth through acquisition, but after the completion of the deal, CenturyTel will claim 17 million local landline customers which is 8 times as many as they had at the end of 2008.
FORBES: Tough Times On The Way To The Altar For CenturyTel and Qwest