When was US WEST merged with Qwest Communications?
When was US WEST merged with Qwest Communications?
On June 30, 2000, US West, Inc. and Qwest Communications International, Inc. combined via merger. US West, Inc. was merged into Qwest Communications International, Inc. with all of US West’s direct subsidiaries becoming direct subsidiaries of Qwest. After the merger, the Bell Operating Company subsidiary was renamed…
Where was the US West Telephone Company located?
Until 1990, US West was a holding company with three Bell Operating Companies: Mountain States Telephone & Telegraph (or Mountain Bell, headquartered in Denver, Colorado); Northwestern Bell, then headquartered in Omaha, Nebraska; and Pacific Northwest Bell, then headquartered in Seattle, Washington.
How much is Qwest paid for US West stock?
For each share of US West, Inc. (new) shareholders received 1.72932 shares of Qwest. Corp. Plus approx 39.06 cash. $30.85 cash and addtional $5.42 cash payment. used.) Cash will be paid for fractions. recognized. Shares: 0.1664 shares of CenturyLink for each 1 share of Qwest. Cash paid in lieu of fractional shares.
How many shares of CenturyLink does Qwest have?
Shares: 0.1664 shares of CenturyLink for each 1 share of Qwest. Cash paid in lieu of fractional shares. Basis Allocation: Basis in Qwest carries over to new Qwest shares (after adjusting for fractional shares sold).
When did US WEST Communications merge with Qwest?
After flirting with Global Crossing Ltd. in a merger plan which included the purchase of Frontier Corp. (formerly the Rochester Telephone Co.) in May 1999, US WEST Communications agreed to a buyout by Qwest Communications International in July 1999; the deal was consummated in July 2000.
Is the Qwest Corporation a Bell Operating Company?
Qwest Corporation was an incumbent local exchange carrier (ILEC), and since it was part of the AT Bell Operating System as Mountain Bell, it is also a Bell Operating Company.
When did Qwest sell its long distance business?
As a condition of the merger, Qwest was required to sell off its long distance operations in the 14-state boundary in which it provided local telephone services. They were eventually sold to Touch America. In 2003, Qwest acquired Touch America from 360networks after Touch America filed for bankruptcy.
When was Touch America acquired by Qwest Communications?
In 2003, Qwest acquired Touch America from 360networks after Touch America filed for bankruptcy. The acquisition ended ongoing disputes between the two companies in which Touch America alleged Qwest continued to illegally sell long distance services within the former US WEST region.