CenturyTel’s Bid for Embarq Will Likely Jump-Start a Wave of Mergers Among Rural Telecom Players
Oct 28th, 2008 | By William Patalon III | Category: Financial NewsCenturyTel Inc. (CTL) will acquire rival Embarq Corp. (EQ) in an $11.6 billion deal that could kick-start a flurry of mergers among rural-regional telephone carriers. The deal should be good for the two companies, said Jeff Kagan, an independent analyst who is well known for his coverage of the telecom sector.