Colorado's approval of CenturyLink-Qwest merger hinges on $70 million broadband promise

CenturyLink (NYSE: CTL) and Qwest (NYSE: Q) were able cross a bunch of major approvals off their checklist this week to proceed with their merger.

Following CLEC Integra Telecom's approval on Monday, federal customers in Arizona, Colorado and Utah approved the deal.

Then, on Wednesday, the two telcos got approval in Qwest's home state of Colorado when the states Public Utilities Commission (PUC) gave their approval of the deal.

Getting approval from the Colorado PUC won't come without a hefty price tag, however. Similar to gaining the Iowa PUC's blessing for the deal, CenturyLink and Qwest will be required to spend about $70 million to expand broadband network capabilities in Colorado.

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