It was a tax-free, stock-for-stock exchange. Qwest shareholders received 0.1664 shares of CenturyLink stock for every share of Qwest they owned.
The merger combined networks to serve customers in 37 states via a 190,000 route-mile fiber network. did centurylink buy qwest
Following the merger, the Qwest brand was eventually retired and replaced by CenturyLink. The Move to Lumen Technologies CenturyLink and Qwest Complete Merger - PR Newswire It was a tax-free, stock-for-stock exchange