If completed, the merger will create a telecom serving 37 states with about 5 million broadband customers and 17 million phone lines. Qwest (NYSE: Q) alone operates in Colorado and 13 other states.
The two companies reported a combined $19.8 billion in revenues in 2009.
The combined company would be the nation's No. 3 local-phone company, behind AT&T Inc. and Verizon Communications Inc.
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