Tentative approval for merger by Qwest
Two firms would invest $70M in
November 30, 2010
The utilities staff of the Arizona Corporation Commission and the state Residential Utility Consumer Office have recommended approval of the merger under a settlement agreement.
The full five-member Corporation Commission still must approve the settlement.
The companies, the ACC staff and RUCO agreed to settle a number of retail and wholesale service issues, including a requirement that the companies provide regular updates on the integration of the two firms, Qwest said.
part of the pact, the companies agreed to invest a minimum of
$70 million in broadband infrastructure in
CenturyLink and Qwest have reached similar agreements with state
Earlier this month, the Iowa Utilities Board approved the
merger, bringing the total number of approvals to 12 states and
The shareholders of both companies approved the merger in August, and the U.S. Justice Department and the Federal Trade Commission cleared the transaction in July after determining there were no antitrust concerns. The merger is expected to close during the first half of next year.