CenturyTel Inc. and Embarq Corp. announced that they have completed their merger.
The combined company, which will be known as CenturyLink, serves more than 2.1 million broadband customers, more than 440,000 video subscribers and approximately 7.5 million access lines in 33 states, based on operating results as of March 31.
"The completion of this merger is a significant event for our customers, communities, investors and employees," said Glen F. Post III, president and chief executive officer. "CenturyLink has the advanced networks, the people and the financial stability to deliver the reliable and innovative services that our customers want and need."
While the company's corporate identity will immediately change to CenturyLink, customer-facing operations and communications will continue under the CenturyTel and Embarq brand names until a full brand conversion occurs later this year. The company intends to formally change its name to "CenturyLink, Inc." upon receipt of shareholder approval, which it expects to solicit in May 2010. The company's stock continues to trade on the New York Stock Exchange under the ticker symbol "CTL."
The Southern Region includes Florida and Alabama, and the regional headquarters is located in Apopka.
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