Merger and Acquisition Activity in the Telecom Arena

The CenturyLink-Qwest Communications deal passed a key regulatory hurdle this week, gaining support from the Washington State Attorney General’s Office and after the companies agreed to invest at least $80 million in broadband infrastructure in Washington over the next five years, as well as freeze basic residential telephone prices for three years.

One Communications has been purchased by Earth Link. The merger has not completed as of this date.

Paetec has successfully purchased Cavalier Telecom. They deal was finalized at the final quarter of 2010.