CenturyTel said Thursday it will buy Qwest Communications for $10.6 billion in stock and assume $11.8 billion in Qwest debt.
Agreement with two labor unions averts potential strike that could have disrupted service for the Democratic and Republican national conventions.
Qwest Communications International strikes a five-year deal to resell Verizon Wireless' service, ending an MVNO wireless reseller agreement it had with Sprint Nextel.
As the phone company continues to lose traditional landline customers, it is offering "less than 2 percent" of its workforce voluntary buyouts to cut costs.
The third-largest U.S. phone company is making a strong comeback, but its future could be stunted without a major wireless play.
For several hours, Facebook users have trouble accessing the service as a key ISP struggles with packet loss. Are the two related?
Qwest may have finally reached an agreement with its largest labor union after months of negotiation.
Members of two major unions at Qwest Communications International say "thanks, but no thanks" to a deal hammered out between union representatives and management.
Qwest Communications said Thursday that some of its customers were unable to make or receive long distance calls for about two and a half hours.
Cisco partners with Qwest on Code Red fix