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Qwest deal wins Nebraska's OK

The merger between Denver-based Qwest Communications and CenturyLink of Monroe, La., got the thumbs up from Nebraska regulators Tuesday.

 

Omaha World-Herald

By Ross Boettcher

January 5, 2011

 

The Nebraska Public Service Commission conducted a “substantive review” of the transaction, Century Link said, including items that would impact smaller competitive carriers that subscribe to Qwest's Nebraska network.

As part of the agreement, the companies pledged $10 million in broadband infrastructure investment in Nebraska over the next five years.

More than 200,000 Nebraska access lines will be serviced by the company after the expected merger is completed in the first half of this year.

“We are pleased the PSC has voted in favor of our merger with CenturyLink,” said Rex Fisher, Qwest's Nebraska president. “By combining operations, CenturyLink and Qwest are creating a larger and stronger company to provide customers in Nebraska with a more diverse mix of product offerings for a broader range of communications solutions.”

Fisher earlier announced that he would leave the company after the merger takes effect.

During a hearing before the Nebraska PSC, Fisher said the merged company would serve Nebraska customers better than either company could independently.

Including Nebraska's approval, 16 states and the Washington, D.C., have OK'd the companies' plan.

Five other state bodies and the Federal Communications Commission must also approve the deal before it can move ahead, but the plan is expected to clear those hurdles.

Contact the writer:

402-444-1414, ross.boettcher@owh.com

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