Qwest (Q) and CenturyTel (CTL) agree to a merger that will bring together two of the country's...

|By:, SA News Editor

Qwest (Q) and CenturyTel (CTL) agree to a merger that will bring together two of the country's largest landline phone companies. The all-stock deal gives roughly a 15% premium to Qwest shareholders. Q +7.6%, CTL -2.5%. (PR)