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April 17, 2015 11:27 PM ET

Diversified Telecommunication Services

Company Overview of Qwest Corp.

Company Overview

Qwest Corporation, an integrated communications company, provides communication services to the residential, business, governmental, and wholesale clients primarily in Arizona, Colorado, Idaho, Iowa, Minnesota, Montana, Nebraska, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming. The company offers broadband services for connecting to Internet; private line services; Ethernet, including point-to-point and multi-point configurations that facilitate data transmissions across metropolitan areas and wide area networks, as well as transmission services to wireless service providers; video services, such as market, sell, and bill satellite digital television under the D...

100 CenturyLink Drive

Monroe, LA 71203

United States

Founded in 1911

23,000 Employees

Phone:

318-388-9000

Key Executives for Qwest Corp.

Chief Executive Officer and President
Age: 61
Chief Financial Officer, Executive Vice President and Director
Age: 62
Chief Accounting Officer, Executive Vice President and Controller
Age: 56
Executive Vice President, General Counsel and Director
Age: 48
Senior Vice President and Treasurer
Compensation as of Fiscal Year 2014.

Qwest Corp. Key Developments

Courts Grants Preliminary Approval for Class-Action Settlement in the Lawsuit Files Against Sprint, Qwest, Level 3, and WilTel Communications

The following class-action Settlement is being announced by Court-approved Notice-program designer, Kinsella Media LLC: Courts have granted preliminary approval for a class-action Settlement involving fiber-optic cable and related telecommunications equipment that has been installed in railroad Rights of Way. This Settlement resolves a lawsuit in Texas, and will provide cash benefits to current and former owners of land next to or under the Rights of Way. Sprint, Qwest, Level 3, and WilTel Communications, the Defendants, are telecommunications companies. Plaintiffs allege that, before installing the fiber-optic cable and related telecommunications equipment, the Defendants also were required to obtain consent from those landowners who owned the land under the Rights of Way. The Defendants contend that the railroads had the right to allow them to use the Rights of Way without the need for further permission from the adjoining landowners and deny any wrongdoing. Class Members include current or previous owners of land next to or under a railroad Right of Way, at any time since the cable was installed in the state of Texas.

Qwest Completes Sale of $500 Million of its Unsecured 6.875% Notes Due 2054

Qwest has completed its sale of $500 million of its unsecured 6.875% notes due 2054. Qwest expects to receive net proceeds from the sale of the notes of about $483 million. The net proceeds will be used, together with available cash or additional borrowings from CenturyLink or one of its affiliates, to retire at maturity on Oct. 1 all $600 million of Qwest's outstanding 7.5% notes, including the payment of accrued and unpaid interest thereon of about $23 million.

Acacia Subsidiary Enters into Settlement and License Agreement with CenturyTel Broadband Services and Qwest Corporation

Acacia Research Corporation announced that its Brandywine Communications Technologies LLC subsidiary has entered into a settlement and patent license agreement with CenturyTel Broadband Services, LLC, and Qwest Corporation. The agreement resolves all disputes between Brandywine and certain Century Link affiliates pending in the United States District Court for the Middle District of Florida, Civil Action No. 6:12-cv-286-CEH-DAB.

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