US telecoms company Qwest and CenturyLink will be allowed to merge
Source: Internet
Author: User
KeywordsTelecom Qwestcenturylink
Beijing time March 16 afternoon news, the United States Federal Communications Commission (FCC) in Tuesday through the official website revealed that the two major U.S. telecommunications companies Qwest and CenturyLink Total of 22 billion U.S. dollars in the merger case. Julius Genachowski, FCC chairman, Julies Gnakoski to other FCC members the conditions for approving the deal, most of which were submitted by the two companies. The U.S. Department of Justice and most state governments have approved the deal. The two companies announced a merger that covered equities and debt transactions in April 2010. To get approval from the FCC, the two companies have recently offered a number of commitments, including a timetable for upgrading broadband speeds, offering discounted services to low-income users and limiting the amount of federal subsidies that the merged company receives. Rebecca Arbogast, an analyst at Stifel Nicolaus, an investment services company, said in a report last week that the FCC committee would eventually approve the deal, even though it might attach other conditions. "We believe that the two companies ' deals will be approved this month," he said. "she wrote. The deal also awaits a vote from four other FCC members. The FCC declined to comment. Qwest and CenturyLink have yet to respond. (PEI)
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