Tag Archives: merger

CenturyLink to Invest $20 Million for Broadband in New Mexico

CenturyLink, Inc. (NYSE: CTL) plans to invest at least $20 million to improve and expand broadband communications services in New Mexico now that it has merged with Qwest Communications.

“This investment by CenturyLink to expand broadband services in New Mexico is an effective way for the company to introduce itself to the state,” New Mexico Public Regulation Commission chairman Pat Lyons said. “CenturyLink is New Mexico’s leading communications provider now that its merger with Qwest is complete. We look forward to the additional resources and opportunities that this increased Internet connectivity made possible by CenturyLink will provide the people of New Mexico.”

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AT&T, T-Mobile to file with FCC around April 21

AT&T and T-Mobile USA plan to file paperwork about their planned merger with the Federal Communications Commission next week. “We plan to file our public interest statement at the FCC around April 21,” AT&T’s Michael Balmoris said in an email on Thursday.

AT&T’s $39 billion bid to buy Deutsche Telekom AG’s T-Mobile USA will also be reviewed by the Justice Department to ensure it does not violate antitrust law. The request for the Justice Department review was filed last Friday.

The FCC will review the proposed deal to ensure it is in the public interest. The review process could easily take a year.

The deal would concentrate 80 percent of U.S. wireless contract customers in just two companies — AT&T/T-Mobile and Verizon Wireless, a joint venture of Verizon Communications and Vodafone Group Plc. AT&T, currently the No. 2 U.S. mobile carrier behind Verizon, has said the merger will spur innovation and economic growth by improving quality and expanding wireless service to 95 percent of Americans.

Qwest – CenturyLink Merger Completed

CenturyLink, Inc. (NYSE: CTL) and Qwest Communications today completed their merger, creating the nation’s third largest telecommunications company in the United States. The combined company’s increased scale and financial strength will enable it to deliver a broader range of communications services to consumers and small businesses throughout the company’s 37-state service area and to business, wholesale and government customers nationwide via its 190,000 route-mile fiber network.

“The combination of our two companies allows us to offer customers of all sizes an even more robust portfolio of communications solutions that will continue to be backed by honest and personal service,” said Glen F. Post, III, chief executive officer and president of CenturyLink. Continue reading Qwest – CenturyLink Merger Completed

Former Speakeasy Chris Gellos MegaPath’s New Senior VP of Sales

MegaPath, Inc.has appointed of Chris Gellos as Senior Vice President of Sales. In this role, he will oversee the strategic direction and management of the Company’s direct and channel sales operations. A telecommunications veteran with over 20 years experience, Gellos brings to MegaPath a proven track record of building high performing sales organizations in both direct and channel sales.

Prior to his new role, Gellos served as Vice President of Sales at Speakeasy where he was responsible for the growth and performance of the direct and channel sales teams. On September 1, 2010, MegaPath completed its merger with Speakeasy and Covad, creating one of the largest end-to-end facilities-based IP communications networks in the country. Gellos has held a variety of management positions with telecommunications companies including Qwest Communications, Electric Lightwave, Citizens Communications and Line One.

“Chris has played a pivotal role in integrating all three companies’ direct and channel programs in a seamless fashion,” said Bruce Chatterley, President of Business Markets, MegaPath. “As we prepare to launch our new channel partner program, Chris’ vision on the direction of the sales organization will prove to be valuable as we mark another company milestone.”

MegaPath’s Channel Partner Program includes over 4,500 referral partners and Master Agents in the country. The new MegaPath, as a result of the merger with Speakeasy and Covad Communications in 2010, provides complete voice, data, private networking and managed security solutions to small, medium and enterprise businesses throughout the United States.