M&A Deal Summary

Lumen Acquires Qwest Communications International

On April 22, 2010, Lumen acquired communications company Qwest Communications International for 22.4B USD

Acquisition Highlights
  • This is Lumen’s 3rd transaction in the Communications sector.
  • This is Lumen’s 2nd largest (disclosed) transaction.
  • This is Lumen’s 6th transaction in the United States.
  • This is Lumen’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2010-04-22
Target Qwest Communications International
Sector Communications
Buyer(s) Lumen
Deal Type Merger
Deal Value 22.4B USD
Advisor(s) Lazard Ltd.
Deutsche Bank Corporate & Investment Banking
Morgan Stanley (Financial)
Skadden, Arps, Slate, Meagher & Flom
Wilmer Cutler Pickering Hale and Dorr (Legal)

Target

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.

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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 6 of 17
Sector (Communications) 3 of 4
Type (Merger) 2 of 2
State (Louisiana) 2 of 2
Country (United States) 6 of 16
Year (2010) 1 of 1
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-27 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.

Buy $11.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-26 Savvis

Town & Country, Missouri, United States

Savvis, Inc. is a provider of cloud infrastructure and hosted IT solutions for enterprises.

Buy $3.2B
Mergr

Product

Company

Legal