Report: FCC is ready to approve the CenturyLink-Qwest deal

It appears that the FCC is getting ready to approve CenturyLink's (NYSE: CTL) acquisition of Qwest (NYSE: Q), according to a notice on the regulator's website.  

With 19 states and the Justice Department already signing off on CenturyLink is hopeful it can complete the deal by April 1 after getting the approvals from the State of Oregon and the FCC.

FCC Chairman Julius Genachowski, according to a Dow Jones report, presented his approval of the deal to other with minor conditions. These conditions are mainly voluntary commitments that both Qwest and CenturyLink agreed to when the announced the deal last April.

And while the other FCC commissioners, who still have to approve the deal, could propose other conditions, Rebecca Arbogast, a telecom analyst with Stifel Nicholaus, wrote in a research note last week that they would be "modest."

"We believe the companies have a decent shot of gaining final regulatory clearance this month," she wrote.

For more:
- Total Telecom via Dow Jones Newswires has this article

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