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.
For more:
- von/xchange has this article
Related articles:
Integra Telecom drops opposition to CenturyLink/Qwest merger
CenturyLink/Qwest merger gets federal government customers' blessing
CenturyLink, Qwest lower rates to placate federal customers
CenturyLink-Qwest deal comes under DoD scrutiny
Qwest, CenturyLink dedicate $50 million to improve Minnesota's broadband infrastructure
CenturyLink, Qwest merger consolidates more of the landline market
CenturyLink gets U.S. antitrust approval to proceed with Qwest acquisition
Big Three indie telcos strive for identity