M&A Deal Summary

Lumen Acquires Embarq

On October 27, 2008, Lumen acquired communications company Embarq for 11.6B USD

Acquisition Highlights
  • This is Lumen’s 2nd transaction in the Communications sector.
  • This is Lumen’s 3rd largest (disclosed) transaction.
  • This is Lumen’s 5th transaction in the United States.
  • This is Lumen’s 1st transaction in Kansas.

M&A Deal Summary
Date 2008-10-27
Target Embarq
Sector Communications
Buyer(s) Lumen
Deal Type Merger
Deal Value 11.6B USD
Advisor(s) J.P. Morgan Securities (Financial)
Cravath, Swaine & Moore
Morris, Nichols, Arsht & Tunnell (Legal)

Target

Embarq

Overland Park, Kansas, United States
Embarq Corporation offers a complete suite of communications services. For consumers, EMBARQ offers an innovative portfolio of services that includes reliable local and long distance home phone service, high-speed Internet, wireless, and satellite TV from DISH Network. For businesses, EMBARQ has a comprehensive range of flexible and integrated services designed to help businesses of all sizes be more productive and communicate with their customers.

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Buyer(S) 1

Buyer

Lumen

Monroe, Louisiana, United States
Category Company
Founded 1968
Sector Communications
Employees27,000
Revenue 14.6B USD (2023)
DESCRIPTION
CenturyLink office location in downtown St. Paul, Minnesota.
CenturyLink office location in downtown St. Paul, Minnesota.

Lumen is an integrated communications company engaged in providing an array of communications services to residential, business, governmental and wholesale customers. CenturyLink's communications services include local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services. In certain local and regional markets, the Company also provides local access and fiber transport services to competitive local exchange carriers (CLECs) and security monitoring. Lumen was established in 1968 and is based in Monroe, Louisiana.

DEAL STATS #
Overall 5 of 17
Sector (Communications) 2 of 4
Type (Merger) 1 of 2
State (Kansas) 1 of 1
Country (United States) 5 of 16
Year (2008) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-09 Digital Teleport

Chesterfield, Missouri, United States

Digital Teleport, Inc. provides wholesale bandwidth transport services to telecommunications carriers and service providers in the United States. It also provides Ethernet services to enterprise customers and government agencies in metropolitan network rings.

Buy $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-22 Qwest Communications International

Monroe, Louisiana, United States

Qwest Communications International, Inc. provides communications services to residential, business, governmental, and wholesale clients in the United states and internationally.

Buy $22.4B
Mergr

Product

Company

Legal